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Strategies & Market Trends : Value Investing

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To: TimbaBear who wrote (14896)	7/22/2002 8:40:58 PM
From: Paul Senior	Read Replies (2) of 78523

Yes. I've suspected Dale Baker's short of JPM would be a real success as JPM and C have become embroiled in the Enron issues. (Lawyers suing the deep pockets.) I trimmed back my JPM position to a very small amount. With no further bad news forthcoming, I figured it was okay to start back with C. Looks like I was wrong - now it comes out that C may be involved in a conspiracy, or perhaps illegal activities or just more shady or greed-induced deals. The company will eventually work through this, and the stock will recover. It may take years though. regarding C: I first took a small amount at 36. Today I bought a tiny bit more @32.34. Just nibbles.

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