STEAMROLLER'S DAYTRADES Message Board

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Strategies & Market Trends : STEAMROLLER'S DAYTRADES

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To: STEAMROLLER who wrote (550)	8/26/1998 6:50:00 AM
From: starpopper	of 1561

Hey guys, looking for daytraders opinions on DJT. Is "The Donald" targeted...would you still short at $4 or bet on a bounce? My thinking is there is a floor at $3.5 due to the HIGH probability that his $1.8 billion in debt financed at 11.75% can be reduced to the 9% range this year! DuestchBank is about to close on a $300 million package, and I expect to see others follow. Although he is currently feeling the pinch of a lack of Asian "high rollers" visiting his properties, he just may well wind up benefiting by the Asian Contagion! Substantial funds are searching US shores for safe haven against an unstable world financial market...with T-Bills in the mid 5% and DROPPING, wouldn't you be willing to park some $$ in Jersey real estate at 9%?! We are talking about a stock trading at 30% book value!!! When you have the kind of selling going on around the world it makes you wonder about how it's going to be redistributed! $tar.

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