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Strategies & Market Trends : Anyone following Capstead (CMO)??

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To: John S. Baker who wrote (130)9/29/1998 6:26:00 AM
From: Dawgfool  Read Replies (1) of 216
 
John, short term stock prices are always difficult to predict. However, CMO has all the characteristics of a reasonably quick bounceback, ie it would not be extremely surprising to see it back in double digits by next year. The nonexistent dividend and concern created by eliminating it is the value problem. Waiting for earnings validation also implies waiting to buy at a higher price. Then again, I guess what I'm doing could be referred to as gambling......maybe I'll unload some of this stuff and buy something safer, like lotto tickets.
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