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To: SliderOnTheBlack who wrote (27208)	8/6/1998 10:44:00 AM
From: marc chatman	Read Replies (2) \| Respond to of 95453

Slider, don't forget PE has 2 components. If earnings get slammed (and it can happen very fast), we aren't dealing with PE's of 5 or 10 any more.

To: SliderOnTheBlack who wrote (27208)	8/6/1998 1:19:00 PM
From: Bazmataz	Respond to of 95453

Slider... it was 99% joke, 1% serious. BUT read on.... Just adding a touch of humor to an otherwise ostensibly bleak situation. HOWEVER, I will state that who would've thought GLM would be at 12 or RDC or ESV or CDG or DO (less than 30) or FGII (less than 20) or any other stock in this group? REMEMBER, GLM to 6 is only 6 points from here. It went from 24 to 18 in a matter of days. It could easily do that again. Psychology is a powerful market mover. MDCO is already at about 9. For it to go to 5 is not out of the question. It went from 24 to 20 in 3 days, right? It's still just 4 points. Percentage moves don't seem to matter too much anymore for these stocks. It's 1/2 to 1 point per day. That's been the tick for the past few weeks now right? The stock market takes no prisoners. I (and I'm sure most of you all) have seen the market do crazier things. Many stocks head down to and almost hit zero that have great intrinsic value. But as one could easily attest, those were historic buying opportunities.... good luck, Baz