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Non-Tech : How to Play the Big Savings and Loan Lawsuit
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To: Kevin Chesser who wrote (19)7/11/1996 3:38:00 PM
From: Robespierre   of 63
 
There is no clear reason why these stocks should move further before GLN's case moves forward. Meritor is like Ambase and both should pay off big. It's interesting to take a look at the 1 year chart of CALGZ. Back in August 1995 when Glendale won at the appeals court level, CALGZ shot up to above $8 only to retreat to aprox. $5 when it became clear that the gov't was going to take the case to the supreme court. CALGZ then made its way back to $8-10 in the weeks before the latest court ruling.
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