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To: KellyW who wrote (3207)11/24/1997 5:51:00 PM
From: Don Westermeyer  Respond to of 27307
 
Kelly,

I'm normally more sensitive to people loosing money, but some people need a few lessons in humility. The same thing happened with EGRP. Actually I'm pretty neutral on both those stocks now. Fundementally they are still over-valued, but not by 5-7X the industry average anymore. There are better short candidates. Once AMZN and YHOO crack I'll be a happy person!

Another RMBS shorter? RMBS is personally too hot for me to short. In fact if anything I'd probably go long on it as a core holding (though definitely not at $80). That had to be one of the most badly priced IPOs ever. The company could have sold the stock easily at twice the IPO price and probably a lot more.