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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Terry Whitman who wrote (32229)3/15/2002 6:46:33 AM
From: Lee Lichterman III  Read Replies (2) of 52237
 
Terry, agree it could be capitulation volume and I will admit I am a big chicken. I posted that MCIT was down in my 5 dollar range with over a 30% dividend yield and it would be either an "awe crud" or a "why didn't I buy it" trade and didn't buy it myself. It of course doubled within days and is still up 50% from there.

Still I like to have at least a little FA behind my trades so that there is smaller risk in everyone suddenly waking up to reality. If you like the stock, why not go after the covertable bonds? At least you get to butt in line if they go under and get some of your money back. Stock holders won't get squat and are at the back of the line only getting to watch everyone else get paid off before the payout window gets slammed in their faces. -gggg-

Good Luck,

Lee
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