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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: AJ Berger who wrote (14981)3/13/2001 7:51:46 PM
From: Land Shark  Read Replies (1) of 18998
 
Works assuming you hold long enough that the issue price goes above your cost average and you've the intestinal fortitute to ride the bumps. It also assumes the investment is of high enough quality that it won't go to zero long term. I wouldn't do this on margin either, spoils the strategy.
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