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

To: pcyhuang who wrote (1572)	9/8/2007 10:54:29 AM
From: pcyhuang	Respond to of 4080

re: NYT's article on NFI I think that the NYT's article is very biased and shows that the writer is ill-informed about the investment merits of the situation. For example: >Deloitte seems to have invoked a little-known auditing standard that says an auditor cannot allow a previously audited financial report to be cited by a company if there are subsequent events “of such a nature that disclosure of them is required to keep the financial statements from being misleading.” The true reason is this: ncreif.com. see slide 17 & 21. There is no way the offering could have gone through, since NFI is still a REIT until the end of the year. pcyhuang

To: pcyhuang who wrote (1572)	9/8/2007 11:00:51 AM
From: pcyhuang	Respond to of 4080

NFI -- Don't flush the baby out with the bath water An advise to the long-term investors in NFI NFI has lately been bombarded with negative publicity (including the very biased article of the New York Times). Besides the pending NFI's dividend announcement, I suggest that you carefully consider the following bullish factors: NFI and New SEC rules on Threshold securities Effective date: Oct. 15, 2007. SEC Requires all fails to deliver in threshold securities be closed out within 13 consecutive settlement days or, in the case of a previously-grandfathered fail to deliver position in a security that is a threshold securitiy on the effective date of the ammendment (Oct. 15, 2007), 35 consecutive settlement days from the effective date of the amendment. sec.gov 2. NFI has been on the naked short selling list for 21 consecutive days. buyins.net./tools/symbol_stats.php?sym=nfi 3. 92% of NFI's float has been sold short. shortsqueeze.com 4. NFI on NYSE's List of Threshold Securities Subject to New SEC's Rules nyse.com pcyhuang