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Strategies & Market Trends : Contrarian Investing

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To: bmillermn who wrote (1150)3/9/2007 8:59:59 PM
From: pcyhuang  Read Replies (2) of 4080
 
Re: NEW

bmillemn & 1 3/4:

I think other lenders are likely to follow Morgan Stanley's lead in working out a rescue solution. In this case, Morgan's role is like being an anchor tenant in a newly completed building. Also, according to NEW's just filed SEC 8K report, NEW has until March 15 to deliver its restated financial statements. The deadline is a day before the March options expiration. The high implied volatility in the pricing of the options seems to indicate that some surprise fireworks may spark next week.

Institutional interest around current level.
iw.thomsonfn.com.

pcyhuang
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