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

To: peter michaelson who wrote (7169)	5/17/1999 1:40:00 PM
From: Dan Meleney	Respond to of 78470

EGXP jumped I assume it is active today because of the SI discussion on it. It traded some at $.40. I suspect if I buy there I can easily sell it at $.20 tomorrow. Yes, the spread is a problem. I searched the internet for the owners and found nothing derogitory. Actually, I found nothing at all outside SI and Edgar. I don't see a catalyst, but I didn't see one for FLYT either. But I find it hard to pass up a dollar selling for 50 cents. More DD is in order before I buy. FLYT looked almost identical to this deal. Seemed too good to be true. DD showed no warts. Interest income was covering expenses of what was essentially a shell with some good tax loss carryforwards. Like Peter, I'd also like to thank those on the thread for ideas and analysis on NH, MWY, DAIO, DSWL and USU. I got out of NH & MWY last week with come nice gains. Still holding DAIO, DSWL and USU. Dan