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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (10847)	7/2/2000 7:35:16 PM
From: cfimx	Respond to of 78530

Paul, I'm actually using wsc now as a cigar butt. It is way way way out of favor. The 10% plus drop on Friday was a big seller throwing shares on the market. I understand there is also a crazy specialist handling the stock on the ASE. That makes for volatility. I plan on flipping it. But I own some Freddie in my IRA that I might swap for wsc if the price stays where it is on Monday. Since wsc is a kind of proxy for Freddie it makes some sense to do this arbitrage. I would suggest you buy a few shares on Monday if it stays at this price or drops. It will at least entitle you to the pithy annual report every year. <Grin>