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To: GST who wrote (66005)	7/2/1999 12:19:00 AM
From: H James Morris	Read Replies (4) \| Respond to of 164684

>>when the chips are down -- like when interest rates top 6.25% and they get a sharp pain in their groins << Gst, I can't figure out why 6.25% is such a big deal! I've had a bunch of my $money in Pmc, @ a average cost of 7 3/4. This is a boring stock, so it's great for the light hearted. Pmc has $300mil in mortgage back securities that are, Merril Lynch AAA rated. I get 12.50% on my $money, almost guaranteed,but the analyst's don't even cover it:-)) Ps When interest rates go up, Pmc will go up too. How would you like to have a stock that pays 12.5% with a 20% stock price upside potential too??