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To: BigBull who wrote (33541)	12/25/1998 10:25:00 PM
From: Crimson Ghost	Respond to of 95453

Big Bull: I have learned the same lesson. I bought Merrill Lynch a point above the bottom in 1991 and sold for a 100% profit a few months later. The stock has gone up something like 700% since I sold it. But that is a minor episode compared to my 1980-81 experience with the stock of then bankrupt Chicago Milwaukee.railroad. Despite their bankruptcy they had huge assets which I was told would be made to accrue to stockholder before long. Smart money had bough heavily and so did I. But I was impatient. When the stock failed to move after a year I sold for a small profit. Within a year the company was completely reorganized and the stock soared from 13 to 200. A nice move even by today's standards. By I was not aboard. A never to be forgotten lesson in the virtues of PATIENCE when buying undervalued out of favor stocks.