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To: The Ox who wrote (30688)	10/14/1998 3:32:00 AM
From: Jamey	Read Replies (1) \| Respond to of 95453

Michael, it has been my experience that most companies will tend to hover at their BOOKVALUE during market apathy. Thats the reason we are seeing great Oil Service at P/Es of 4-7. I hope Asia is having a good day in the market. Seems that we tend to follow their lead. Regards, Santiago

To: The Ox who wrote (30688)	10/14/1998 10:39:00 AM
From: Fredman	Respond to of 95453

That's why you buy a little now, a little in a few weeks, and a little a few weeks after that. Tell me you have never been burned waiting for the bottom of certain stocks or sectors and i say you are fibbing. A bit ago, MRL went down to 8, then back to almost 13, now back to 9, now what ? higher or lower. I think if you are waiting for the rock-bottom, you'll miss it, because nobody knows what rock-bottom is. I still THINK it can go down 10%, but that is a might big IF and WHEN............

To: The Ox who wrote (30688)	10/15/1998 10:27:00 AM
From: Fredman	Respond to of 95453

The other mistake people are making is ASSUMING because they see a stock had a 52-week HIGH of, say $45.00/share, and today it is $10-12.00/share, they THINK it will eventually get back to $45.00/share or more. Don't think like this, just be happy or think along the lines that maybe this stock has a much much better chance of DOUBLING or TRIPLING over the next year or two or three than MOST others........... in other words, don't set your sights unrealistically too high. I don't really mean you, Michael. But others out here.