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To: Paul Senior who wrote (4136)12/24/1998 4:12:00 AM
From: Bruno Cipolla  Respond to of 60323
 
if i had money i would buy beas,
unfortunately i have no intention too sell SNDK lower than 25-30

B.



To: Paul Senior who wrote (4136)12/24/1998 10:18:00 AM
From: Ausdauer  Read Replies (2) | Respond to of 60323
 
Happy Holidays to Everyone!

Hoping for a healthy, happy and prosperous 1999 for all.

Ausdauer



To: Paul Senior who wrote (4136)12/29/1998 10:58:00 PM
From: Rex Dwyer  Respond to of 60323
 
Paul,

Thanks for the post. I must admit, but to handle the market we had in Oct 1998, I had to go through a similar market in 1990. Then, analysts were talking about shorting companies to cash value. Any company trading above cash was suspect. Anyhow, all of the companies I followed more than doubled. Some great buys back then were Xilinx, Dell, and Oracle. You wouldn't believe the split adjusted prices. But alas, I didn't capitalize. I got margined out. I didn't buy any Dell until the price had already doubled.

Lesson #1: Don't get margin calls!!

The important part is to realize that cash value really is a good floor for a stock price, unless it files Chapter 11.

I just put in a limit order today for a huge amount of shares of a company trading near cash value. I'll tell you what it is when either my trades get filled, or the New Year comes around, (it is thinly traded.)

This is my old trick, learned from 1990. A stock that has fallen by a factor or 8 or 10 is very susceptible to tax loss selling, at any price. Commonly, the tax benefit for selling is greater than the actual stock price. In this event, near the end of the year, the stock can see rediculusly low prices. In this case, a couple of downticks can knock 30% to 50% off the price as it floats near $1 1/4. I hope to triple my money in a year. Tripling in a month could very well happen.

Rex