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To: SliderOnTheBlack who wrote (30502)	10/8/1998 4:17:00 PM
From: RGinPG	Read Replies (1) \| Respond to of 95453

I'm very concerned that the OSX finished below it's previous low. It may be OK if it's a one day wonder, that is, if it stabilizes & goes back up quickly. If not, it may be a continuation of the downtrend. Anyway, I won't get any buy signals until it stops falling. I thought that may be by tomorrow, but it looks like it may take longer than that. Regardless, I bought a little RIG today on the hopes that this was just herd selling and we will get a quick bounce back up. I've done this before and have never been right (that is that I can remember anyway). It's probably better (safer) to wait until they show some strength again. osxstocks.com

To: SliderOnTheBlack who wrote (30502)	10/8/1998 4:21:00 PM
From: Douglas V. Fant	Read Replies (3) \| Respond to of 95453

Slider, Now is the time to buy if the institutional investors are getting on TV and crying "uncle". Lots of value here- also look to the techs- glittering gems lying everywhere, many high quality companies selling at just over book value. Only exception is the telcomms- they need to come down a bit more, although I did buy one telcomm stock myself today PAIR It's $6/share and has $3/share cash in the bank....So so what if it has a few bad quarters up ahead. You're right the NASDAQ small/mid cap stocks are on sale big time- PAIR is just one of many examples. The OS stocks I follow came down and bounced off of their bottoms on the first retest of the bottoms they made about six weeks ago- that is good. WFT fell to $16/share, but before I could get to a phone and place an order it jumped right back up to 16 13/16ths. That tells me that there is lots of money ready to step in and buy at least WFT at its recent bottom (which is not too far above its book value of $14.52/share!). Of other OS stocks- did other people see the same pattern today? Sincerely, Doug F.

To: SliderOnTheBlack who wrote (30502)	10/8/1998 4:34:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Slider: There will indeed be abounce before long, but i don't think the bull will resume anytime soon. Much basing will be necessary for both the OSX and the overall market. Still think you are too optimistic on financials. Would not be surprised if Citicorp breaks 50 sometime next year. The economic and investment paradigms that have governed the markets these last 20 years are changing fundamentally. But demand for oil will eventually rebound strongly as will the OSX. COULD YOUR CAPITUALTION BE A SIGNAL THAT THE BOTTOM IS AT HAND?

To: SliderOnTheBlack who wrote (30502)	10/8/1998 4:44:00 PM
From: Roebear	Read Replies (1) \| Respond to of 95453

Slider, Like WJC might say, I feel your pain; unlike he, I am quite sincere. Lessons learned in the market are invaluable, humility is also good, as long as it doesn't make one gun shy. I lost more money in the form of potential profits by being chicken to pull the trigger, than lost taking some big hits this year. Yet I have also avoided even worse disasters through the experience. All part of the learning curve, though at this school of ours, they use the cat o'nine<G>. I find that now finally, I no longer flinch, either at the post or behind the trigger, so I suppose there is potential from these bloody lessons. You've got class, slider Best of luck, Roebear

To: SliderOnTheBlack who wrote (30502)	10/9/1998 11:47:00 AM
From: Nello Filippone	Read Replies (1) \| Respond to of 95453

>>So this is what the ''oldtimers'' were warning us about - what a lesson learned... << Slider, Great post ... I feel your pain, this sector was my conservative long term play. In retrospect it would have been pretty hard to for anyone to bail out of these stocks when you consider what this sector has gone through; El Nino, 11.50 crude, single digit multiples without missing earnings, .... Does anyone want to pull the trigger when Crude hit 16.30 and API comes in with yet another big draw? (The turnaround) Don't go fishing yet .... There is some good trading ahead. Nello

To: SliderOnTheBlack who wrote (30502)	10/10/1998 11:34:00 AM
From: Paul Angell	Read Replies (1) \| Respond to of 95453

Slider, Nice post. Keeping searching for bargains. OSX was a bargain until the SP500 went down the toilet. Now the entire market is a bargain. The "old techs" (to borrow an expression from Jim Cramer) will plod back before the small caps IMO. I am sitting on 30% cash because so many hit stops. I still don't have the courage to buy but yesterdays action shows what a massive pent up demand is there. I will pick up some more FLC if the market behaves on Monday. Good luck, Paul.