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To: marc chatman who wrote (30938)	10/20/1998 2:36:00 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

"Bottom'' clarified.... By Bottom - a trading range here; no cause to pop any champagne corks, but there were, are and will be some 20-30-50% moves here. This is a cautious market - yes; but it is also a ''stockpicker/company pickers'' market. Also, great volatility = good opportunity for traders. The Fundies are trading here a lot... Not - that they can't retrace some of those gains, but on dips here - long term holders can feel safe with $9-11 FLC +/- or FGII at $10-12 ETC. - as the upside so dramatically dwarfs the downside; which has been somewhat established by the Street here of late.- that is what I mean by a bottom. "Bottom" is a dangerous word here <VBG>... Some like RON may trade in bigger ranges - at the obvious risks, but it offers good trading opps at mid $20's - low $30's... lots 0f $4-6 moves here. One could make a living trading RON ... Institutional money is strongly moving in here and I don't think the end of Aug or mid Oct double bottoms, will be blown through again and maybe not even closely re-tested...?