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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (6493)	4/2/1999 1:41:00 AM
From: Paul Senior	Respond to of 78519

Wallace Rivers: Giving up some OLS. I'm selling 1/3 to offset capital gains on other stocks. Doesn't look like I'll ever turn a profit on this investment. But that's not the point. The point is that from here (6), the stock does have a potential to recover to 9, maybe 12, maybe who knows where. They are trying to resolve the business issues that face them in health care, and trying to put the gov't problem behind them. But they settled their "fradulent behavior" (quotes mine) for $61 million? That was some problem. There goes their credibility for me. Still holding LDRY and tracking it against STAR (which I do not own). LDRY down; STAR up (by a bunch). Never did buy WLM. Own PET (as in polyeth. terephthalate) producer EMN though. For someone who might be interested in betting on the future of plastic litre bottles, the WLM stock price looks to me to be near a cyclical low. (But who knows?) regards, Paul