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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Ditchdigger who wrote (7608)	8/11/1998 9:04:00 PM
From: Amigo Mike	Read Replies (1) \| Respond to of 29382

Hi DD, The blood is definitely running in the street here in the US. Most small caps have been buzzsawed by 30 - 50 %. Many have NO Asia exposure. EGNS .... may be right up your alley ... DD ... I know you like the BBs. EGNS is even fully reporting with NO debt !!!! EGNS didn't have exposure to Asia until today. However, the business of fixing the Y2K problem in China is monsterous and EGNS is one of very few companies with a cobol toolset to do the conversion on Chinese machines. Most of the business software base in China is cobol based. Without this ....... China will be in deep doo doo ..... with more than blood running in the street. I'm not looking for a fast buck from EGNS .... rather a nice steady rise and then discovery by the investing community at large. Then I will see the big gains. Amigo Mike

To: Ditchdigger who wrote (7608)	8/11/1998 9:42:00 PM
From: ChrisJP	Read Replies (1) \| Respond to of 29382

Hi Kenny, When you start talking about your blood running, I don't know if I should be petrified or relieved ! You seem to have the keenest sense of when to take profits (or bail). I never bought into the last rally, making my final move of my 401K out of equities (well 7/8 out) back in early May. Get this -- my Dad E-mailed me about 3 weeks ago indicating we had hit a major top (i.e. suggested I sell if I hadn't already). The older I get, the wiser he becomes <grin>. My small caps were already tanking in May, but I thought they still had good value and were going to report good earnings. I was right on both counts ! Unfortunately that did not translate into higher stock prices. Now we're all looking at CADE (do not own), APCO (own a little), MTON (own a lot) with PE from 16 to 26 !!! Who would have guessed it ? The funny thing is that I agree with you guys -- more adjustments need to occur in the megacaps to reflect their real growth prospects. Small caps tend to correct with them, whether they're correctly priced or not. Far cry from a year ago when I first started posting to you guys on SI ... Regards, Chris