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Non-Tech : Resource Mortgage Capital, Inc (RMR - NYSE)
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To: charles chesnut who wrote (24)1/9/1997 6:36:00 AM
From: Greg Gregoire   of 34
 
Hi Charles,
It is strictly and interest rate evaluation. They expect rates to go up. If interest rates go up, RMR's bottom line goes down (temporarily, because of adjustable rates). However, I decided to take advantage of a possible reaction play. I sold half of my holdings at market opening for 28.50 (my cost 13.50), and might buy back before dividend time if price is lower than my sell price. I still own 4000 shares. Just bought Zenith a couple of days ago. Keep in touch!
Greg
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