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Non-Tech : Resource Mortgage Capital, Inc (RMR - NYSE)

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To: Greg Gregoire who wrote (10)11/27/1996 9:59:00 PM
From: charles chesnut   of 34
 
Hi Greg

Got your message without any problems. This market seems to break new ground at least once or twice a week it seems. I think the the DOW has recently started to get pricey for a lot of large investors and they have started moving new moneys into small to mid caps as well as taking some profits in the large caps. I'm glad to see more money moving into small and mid caps.

With interest rates remaining stable, inflation low and unemployment low it appears to be the best of all worlds. The market is going to react strongly to any perceived changes in any of these three areas. Next Friday, Dec 6th will be the next employment report - the market will be reacting to this report with the ususal fear and/or greed.

Making money in CS - it closed at a split adjusted 40 3/4. Getting close to my target price of 43 to 45 to move my shares. When ASI earnings are reported I think this share could move to the $26 to $30 range. As for my DSC Comm (DIGI) it appears to be rebounding. I might have to dollar average down if it pulls back to $16. I have a twelve month target of $28 to $30 on DIGI.

Keep enjoying your views and the warm weather. It's going to get down to 32 to 35 degrees here tonight.

Note: I just set up a thread for ASI in the MISC (General) sector of SI.

Have a happy thanksgiving and keep in touch.

Charles
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