Mr. Pink's Picks: selected event-driven value investments Message Board

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

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To: Sir Auric Goldfinger who wrote (4242)	10/16/1998 4:39:00 PM
From: Rex Dwyer	Read Replies (2) of 18998

Shorted CCR at $39 3/4 after your post. I like it better than PVN because it deals with mortgages. Credit card issuers don't seem to be cracking yet. I like this from CCR: "increased production earnings from higher fundings more than offset lower servicing earnings driven by low rates and high prepayments." After AG reduced rates again, we should see even more prepayments. Technically, me thinks this short covering rally has finally played out. Rex

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