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To: sand wedge who wrote (28447)	8/27/1998 12:16:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

Sand Wedge --- ''astute investor'' ... No; and the reason is that I am simply seeing no posters here, or talking heads on CNBC either setting price point/target levels where they are publically saying they will buy or publically stating a scenario where they will buy. What I see is a bunch of ''pontificators'' blowing smoke up each others asses - they are in what is an almost indefensible position as they sit on the side lines and keep yelling the sky is falling... but actually never get in anywhere... Where they ususally get in is at levels we had last April?May where their dearly beloved momentemum train had pulled these stocks up to a level where they could finally get on the buy high and sell low (off of a correction) ''train''... When I see anyone paint a specific scenario with analysis related to Crude Prices, PE or net asset values levels where they will buy etc. then I will have respect if they ''call'' a target where they will buy and support it with reason...we are at an area now with FGII or FLC at single digits prices - that bottom calling is such a small target - that there are no rewards left for anyone calling a bottom at such a small level of remaining - mathematical fluctutations... Now; if one of these guys would have went on record back in June 1st and said hey; I aint buyng EVI untill it goes to $15 and very importantly - gave a reason & scenario/analysis why - then I would respect that. We only had a few people just throwing numbers out of their ass - no analysis etc. - just a contest of who could throw out the lowest number - a pseudo bottom calling; without any thought/analysis or support of ''why'' - this was valueless - like me calling for a DOW 4000 (ala LT) and in the case we ever got there - I would appear a "GOD" as no one ever remembers the chicken littles when they are wrong - but if they ever ''hit'' on one of their 1 million predictions - then they want to hang their hat on that 1 ''call'' - I don't buy that malarkey ! What we are seeing is a bunch of sideline sitters whose psychobabble theoretical commentary is merely pseudo-Monday Morning Quarterbacking at its best... Asttute Investors - would be buying right here right now - and I think history & time will prove it so.... the big bounce and crude move is looming ...close, very close - you guys will sit on your hands and miss one of the great runs.. all the time pontificating on the sidelines - so keep it up - to each there own... Obviously staying in cash has been smart lately, but you guys generally are even worse at timing when to spend your cash than when to go into cash.... time will tell.