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Pastimes : John Dessauer's Investors World -- Ignore unavailable to you. Want to Upgrade?

To: Wren who wrote (1630)	10/5/1998 9:16:00 PM
From: Racman	Read Replies (1) \| Respond to of 2346

>I agree with you. When they get this low, you might as well hold >on in case there is a miracle recovery. You don't have much >more to lose. Or I keep em to pass my mistakes in investing onto the Government by Capital Gains Evasion should I be so blessed as needing such. <G> Isn't that what going Long is all about verses Short?? You invest what you're willing to lose in the worst case scenario?? <Chuckle> I wouldn't sell now for less than enough tea in China to cover my original investment. Especially in light of the fact that they are now a high potential take over target!!! Rackem, roll em. Ain't it fine!!! I think anyone who bought in bought with no more excuse than those in a casino. Wak wit prriide!!!!!!!!!!!!!! 650 at 5 Racman

To: Wren who wrote (1630)	10/6/1998 7:47:00 AM
From: Wren	Read Replies (1) \| Respond to of 2346

On his Monday hotline, JD discussed Esprito Santo, ESF. Two of it's top officers spoke at the Swiss seminar. ESF has done all Y2K work and believes they are OK Earnings for current year are up nicely Its loan portfolio has a provision for bad debts equal to 105% of all non-performing loans .01% of loan portfolio is to Russia 1.6% of loan portfolio is to Asia 4.6% of loan portfolio is to Latin America Zero hedge fund exposure Almost all of ESF activities in Portugal Current year earnings expected 1.60, with 2.00 next year Return on equity - 17.5% ESF closed 13 1/16 on Monday Dividend 4.8%, no withholding on dividend so a good stock for IRAs Portugal is in EMU JD considers ESF to be a safe well managed bank