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Strategies & Market Trends : The Dead Cat Bounce Theory

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To: Jim H who wrote (1641)	6/22/1997 11:31:00 AM
From: James F. Hopkins	of 1836

Be Carefull with RACC..these finance cos on the downtrend are often no more than dumping places for "uncolletable dept.", controaled & used by bigger co's to get rid of "bad paper" at a primium for as long as they can run the scam. The book value is based on that paper..( collectables ) which really aren't colectable, and the dividend is like the bait for "mullets" These co's are generlly run by the lowest form of persons in the finance world..shysters and hucksters, so be carefull. ..I do think "when" she bottoms there will be a small shallow rebound. Then they write off all the bad debt. and if there is anything left start over, if not she gets de-listed from the NAZ..and winds up as anorther has been listed on the pink sheet yuk..she could make you a few bucks..if you watch her good..but I'v found that the type of fall she shows is not worth the troble or the risk..been burnt like that before. Jim

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