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To: Gottfried who wrote (4246)2/1/2003 12:06:49 PM
From: Sam Citron  Read Replies (1) | Respond to of 13403
 
OT Yes, I noticed that. It's a tricky situation and bears scrutiny, although my position is just $820, down from $1,100. Is it just my imagination or have you noticed that there is a tendency for these types of liquidity/credit actions to occur Friday after the market closes? I obviously realized WEL was shaky financially, with negative net worth, but I continue to feel that with a looming Iraqi War with likely well containment issues that creditors will be lenient until the cash starts to flow back in, although the payment issue is certainly more murky than it was during the Kuwait War when the Crown Prince was paying the containment bill. I'm considering adding to my position on this discount. (Is that how Zeev would say it? <g>)