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To: Spekulatius who wrote (24042)6/4/2006 4:18:34 PM
From: Carl Worth  Read Replies (1) | Respond to of 78704
 
thanks for the reply, i may sell it as well, though of course if i do, the 2nd step will be announced the next day <g>

do you have enough experience in the area to have a feel for a "typical" time between the 1st step and a 2nd step conversion?

i realize the times are probably not anywhere close to set in stone, but i'm just trying to get a ballpark number, to decide if i want to hold and wait for that occurrence, or if i want to just move on to something else that has better organic growth



To: Spekulatius who wrote (24042)6/4/2006 6:20:28 PM
From: Rarebird  Read Replies (2) | Respond to of 78704
 
>> I wanted to reduce my position in local bank stocks because of rising interest rates>>

Smart move. You know the saying, "damned if you do, damned if you don't": Higher interest rates will eventually kill the US economy. But if the Fed does stop raising rates, the US Dollar will likely collapse.