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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: VALUESPEC who wrote (1360)	7/29/1998 4:29:00 PM
From: VALUESPEC	Read Replies (1) \| Respond to of 3627

My overall break-even on CD, since my first trade in it this year, is about $17.00a per share. I'm now up and I'm in at a lower average cost than after the first fall, and I have just as many shares. I did the calculations twice to make sure my break-eve was that low. Needless to say, considering the large percentages of my portfolio I had on this and the amount of margin I used, I'm surprised I wasn't down more. Some times it seemed I was buying and selling myself into mediocrity. I guess I did the right thing, overall (so far, anyway). Now, hopefully CD will keep trending upward. I expect to hold a large percentage in this company for some time. However, I don't expect to buy more CD (at least not to hold) if my buying power increases via the rising stock. I have enough (90% + CD). Finally, things look good again. CD would have cost me dearly if it had gone to $ 13.00b or so (my old partial liquidation point). I'm now up 125%, or so, since Jan 1st. The only other position I have is on SKYC (conference call tomorrow) . . . and I don't have a whole bunch of that. I have calls as I did not want to risk any more profits on it. Congratulations to everyone who held CD ! We've certainly been working hard for our money. May CD go to $ 20+ before too long. CD: $ 18.19b $ 18.38a VALUESPEC valuespec.com