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To: AllansAlias who wrote (34063)	3/13/2002 9:37:33 AM
From: Paul Shread	Respond to of 209892

Allan, On an FA basis, I find WM interesting (I'm long a small position as a core holding). At a PE of 9, it's far cheaper than the big money center banks. And it may not be hurt by rising interest rates - they own the ARMs market. All FWIW. Paul

To: AllansAlias who wrote (34063)	3/13/2002 9:42:47 AM
From: The Freep	Read Replies (1) \| Respond to of 209892

At what point, Allan, does the ED in non-tech get into trouble? We haven't even made new lows vis-a-vis yesterday yet, I realize, but is there a point where the down gets too much? The storage gang is trying to keep tech from melting. Still, even if this is only a C down, there should be more to go. Again, non-tech I'm not as sure, as the LOD was never approached again after the first drop yesterday. . . . freepishly, the freep

To: AllansAlias who wrote (34063)	3/13/2002 1:16:57 PM
From: Challo Jeregy	Respond to of 209892

about a week or so ago, Bob Olstein recommended to his group to sell WM. Did not hear that on tv but read a broker's memo posted on SI somewhere -

To: AllansAlias who wrote (34063)	3/13/2002 2:15:56 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 209892

WM is heavily into ARM's, from that standpoint that won't get (immediately) hurt by rising rates. Interesting dichotomy in the trading there...some shorts are heavily into it, while at the same time Bill Nygren of Oakmark likes it very much. I try to not fade Nygren on fundamental issues, 'cause he's pretty good...<NG>