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To: David Fitz who wrote (16761)10/14/1998 5:10:00 PM
From: Susan Saline  Read Replies (1) | Respond to of 53068
 
FILE

Hi David ... I will try to justify my FILE entry here ....

this is the profile from YHOO ... I am for shit at reading these ... it is greek to me ... but may help you if you can translate it.
quote.yahoo.com

The reasons I bought this ...

first off ... this is the FIRST quarter they missed the earnings. The market reacted with no mercy.

after following this company for 2 years ... and watching them grow at an outrageous pace. I never chased it ... though followed it from 10 to the 60's ... it had a 2 for 1 split less than a yr. ago and back down to 5

I did play this for a bounce, day trade ( a lot of shares) but sold for a 1/8 loss when it was in the $10 area

This is October .... this is a correction market .... this is tax loss selling time.

FILE (imo) fell too low .... market conditions adding to it's incredible dive from the 30's (after split) to 5

That is just too much.

I am buying this long term ... if I can keep my finger off the sell button ... the first time it rally's ... and it will rally ... have a one year target of 30

Today .... there were sellers ... mabe a fund ... maybe just one person ... I don't know ...

but fairly regularily at the bid .... someone was selling 10k to 15 k at a time.

They want out

I see this ... and can wait for the seller to be done.

Then we will see it rise.

I took only a partial position in this ... as I believe ... this being October and all ... that it is possible that it may retest near it's low ... in which case I will fill the position in it on a buy stop.

I am not good at finding the bottom on divers ... but I can come dang close ... and this is close.

Sue

do you have a position in it?