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

To: Frank who wrote (1430)	8/4/1998 10:39:00 AM
From: 16yearcycle	Read Replies (1) \| Respond to of 3627

Look at this below: this is cd, right? Why are they not doing a press release from cd? ---------------------------------------------------------------------- NetGrocer plans biggest sale yet -- its own stock NEW YORK (Reuters) - NetGrocer Inc., a leader in the Internet supermarket business, said Monday it has plans for an initial public offering with the Securities and Exchange Commission. The company said it will seek to raise about $38 million in the IPO. All of the shares available in the deal will be offered by the company. CIBC Oppenheimer would lead-manage the offering with Volpe Brown Whelan & Co. serving as co-manager. The company would use proceeds from the deal primarily for strategic marketing alliances, capital expenditures and general corporate purposes. NetGrocer (http://www.netgrocer.com) ships groceries and other consumer goods to homes and offices using FDX Corp (NYSE:FDX) delivery services. (Reuters/Wired)

To: Frank who wrote (1430)	8/4/1998 11:12:00 AM
From: VALUESPEC	Read Replies (3) \| Respond to of 3627

<<There's a classic book on, "Stock operations," which you should peruse.>> I intend to take your advice and read the book, since I have never read it. I am heavily leveraged, so perhaps that is why many don't seem to understand what I am doing. When you are leveraged, you don't have the luxury of waiting long periods. You are either right or wrong. Where it is true that waiting can make you a lot of money in stocks, the converse is also true. I have experience with trading futures contracts. That is like the stock market on speed. From that I learned that you should not hold a losing postition too long. I learned that it is best to pick your entry point carefully, go big, and use damage control quickly when wrong. That is the essence of my strategy with stocks. Fundamental analysis is good, and I helps me a lot, but the bottom line is, "Is this stock doing what I expected or not". I usually trade small caps. They, of course, are much more dangerous because the bottom could literally be one cent per share. With larger caps, at least you know it probably has some value (CD $ 5?). CD is my first big experiment with larger caps. So far, it seems harder than the small-caps, but maybe that is because I expected more. I could have traded CD for a really nice profit several times. Instead, I am down again. I am beginning to believe that I would be better off going long on the extreme lows and short after a fast rise, but who knows? I bought those shares I sold back @ $ 15.75. This may be the last trade I will be posting as I feel I have been getting too much grief over it and the trouble is not worth it. Anyway, thank you for your sincere and kinder words. CD: $ 15.69a VALUESPEC