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To: Sergio H who wrote (1703)1/19/1998 10:56:00 AM
From: Dave H  Respond to of 2377
 
I think it's also an indication gold has reached a bottom that there's a lot of sentiment that gold is no longer valued in this "new economy" and gold is being dumped onto the market. Viewed in a contrarian light, I'd say this is just the type of psychological indicator that would say gold will be going up very soon. (hitting a psychological exhaustion bottom, so to speak)

-dave



To: Sergio H who wrote (1703)1/19/1998 12:17:00 PM
From: Redhead  Read Replies (3) | Respond to of 2377
 
To all,

I wonder if anyone has a free moment if you could share an opinion on a stock I am researching. It is RWTI - Redwood Trust Inc., a real estate investment trust, which acquires and manages real estate mortgage assets throughout the U.S., primarily single-family residential properties located in California. It has had a huge price swing since. June. Was $55 and is now trading at $19 1/4. The 52 week spread is 18 5/8 - 57 1/2. Their book value is $22.61, PE 9.92, EPS is 1.94. They have applied for listing on the NYSE for January 28, they now are currently on NASDAQ. This one really has me curious. I know they are not the mortgage flavor of the moment, but my spine-tic is tingling on this one. I have viewed all I could, and i would love some second opinions on this from anyone who has the time. Thanks a bunch and keep smiling.

Redhead