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To: SliderOnTheBlack who wrote (26959)	8/3/1998 7:47:00 PM
From: Bazmataz	Respond to of 95453

Slider - First, I LOVE reading your posts. Sometimes I feel like I'm reading my own thoughts when I read your posts. There's just one thing I would add... About execution again. Yes, one could have bought MDCO at 3 and sold at 30, but how close would one get to selling at 30? Just as it is very difficult to buy now, I consider it MUCH more difficult to sell when times are good and stock prices are rising. For example, if you bought MDCO at 11, when would you sell? If the stock rallied to 15 quickly would you sell and take your 30% gain? I don't think many people would hold on until 30, they'd take their gain sooner. Just my two cents. Selling, in my opinion, is much more difficult than buying. If you don't believe that, everyone ask yourselves how easy was it to sell when these stocks shot up? How many of you that had many paper gains are now holding dramatic paper losses? Just something to consider. I'll take my smaller gains just like I cut off my small losses. Again, enjoy your posts. Keep the good spirits rollin'! Baz

To: SliderOnTheBlack who wrote (26959)	8/3/1998 7:51:00 PM
From: Intel Trader	Respond to of 95453

A few clues to consider once again in your investment decisions: a. look a the chart of KLAC as an example to find a stock that based for a period of time (ie put in a few good lows, tested them and began to ascend), and (recently anyhow) recovered about 15% over the course of a few days. b. look for consolidation news: X buys Y because Y has poor management, its valuation took a hit; therefore better management with the cohones and the bucks can take em out. New ownership will then do a Chainsaw Al type of job on the old company, selling off the unnecessary assets. c. look for the shock that occurs (SCUD, conflict etc). d. look for capitulation in key stocks, ie fast and furious downticks that take others in the market for similar rides. Here is the thing. If you have been prudent, you have some more dry powder left, and can use it if you see a-d. If you don't then you are stuck: go to the penalty box and ride out your suspension. If you decide to reenter oils, average in with the rest of your dry powder, say in installments of 1/3rds. or whatever makes you comfortable over a period of weeks/months. Just a few thoughts from a humbled it

To: SliderOnTheBlack who wrote (26959)	8/3/1998 9:06:00 PM
From: VLAD	Read Replies (1) \| Respond to of 95453

Slider, I think that the trick here is not whether or not the sector will turn and in how long. Since all of these stocks sell off in baskets there has been little if any selective selling going on. The trick is to chose which individual stock(s) of the group is beaten down to a level that when things turn they will have the fastest legs on the move up. CDG is now over 75% below its 52 week high and when I look at its earnings for the quarter that it traded to its high of 82 (earnings were .88/share for q4'97) and see that last quarter's earnings were only 2% below the quarter it traded up to 82 I can say that stocks like this are way oversold beyond reason. Cliff's next quarter estimate is for 1.04/share and while I know that that number will be lowered, they will still make over .80/share at present day rates. When things start to turn I think oversold stocks with very small floats such as Cliffs will tear back up just as fast as they dropped south. IMO too many institutions are trading these stocks way to closely to the crude oil futures without paying attention to individual company fundamentals.