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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Cube who wrote (4215)	10/16/1998 1:24:00 AM
From: Muhney	Read Replies (2) \| Respond to of 18998

Cube... I don't disagree with you regarding PVN. I have not checked lately but I think it is selling for 10 times book. And I doubt that it can support itself at these levels. However, don't underestimate the Fed action here and over the next couple of months. A lot of what they are doing is to prevent a huge calamity or failure of several hedge funds and / or a major money center bank. It's times like this that you can throw out TA, buy value and hold on to your backside. I don't think anything has changed. Maybe if we get another 1/2 point out of the Fed between now and Jan. Good luck. Muhney PS I am glad you didn't get hurt too bad.