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To: Jon Cave who wrote (39974)3/15/1999 10:50:00 AM
From: SargeK  Read Replies (1) | Respond to of 95453
 
I don't buy on margin and I don't use tight stops. I don't call this bleeding. I call it the pause that refreshes..

The most surprising thing to me is the lack of 'demand' for these companies, especially among employees. For the most part employees are not traders, they accumulate for a retirement nest egg. Thus most have shares that have lost 50% to 80% value over the past year and a half. If I worked for one of these companies I would hock my boat to buy in at these levels. If for example you purchased UFAB @ 18 last year, doubling the bet at this juncture provides an average price per share, attainable in the very near future.

K