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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (28336)	8/22/1999 10:56:00 AM
From: Logain Ablar	Read Replies (1) of 50167

Hi Ike: We'll have to see how the market is this week but it looks like its a good time to short some insurers. The first storm in the Gulf will hit the primary and re insurers if it lands in Texas and it looks like a whole line accross Africa is lining up to move into the Atlantic (with two now in the Atlantic). From a chart and float standpoint AIG looks prime. They've been expanding their commercial operations in the US. Also the Bermuda reinsurers have been expanding XL and ACE (not sure of their symbols) into direct writing increasing thier exposure. I forget which one purchased the CIGNA book but it was always a lousy book. Allstate still has heavy exposure in Florida & on the east coast. Just might be a good hedge for the next 6 weeks. I'm only looking at AIG with its large float. Also, my small caps may still be too early but I like NN (a gamble) and LTXX (undervalued). Mr. MSFT looks to be sitting nice prior to the win2000 release. $80ish looks like a good entry. Time to run. Tim

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