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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (3351)9/28/1998 10:41:00 PM
From: F. Lynn  Read Replies (1) of 18998
 
Congrats and thank you for this pick.
Question regarding the subprime industry: did you short FP based on your knowledge of the industry dynamics or on factors unique to the company. Given the extensive discussion, here and elsewhere, regarding the drying up off asset-backed bond markets and refinacing's threat to I/O strips' value, it seems others in this group are ripe for a fall too (that is, if there any left that haven't imploded).
So, I guess I am asking: is there any reason why other players in this market will be immune to fp troubles, and are you looking at any of them as potential shorts?

Thanks.
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