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Strategies & Market Trends : Traders( a.k.a. Losers) Anonymous -- Ignore unavailable to you. Want to Upgrade?

To: Susan S. who wrote (6)	2/8/1998 12:54:00 AM
From: Bilow	Read Replies (1) \| Respond to of 10

About RMBS... It's not yet been possible to bottom fish that puppy cause it is way, way, way over priced. There. Now that I've got that particular prejudice out, I'll share my most recent horrible loss. CTYS. $10 to $4.25. It only took days. I should have known. Over the years, I have a less than 50% success ratio bottom fishing financial (and REIT) stocks. Problem is that a couple of percent error in valuing their assets or liabilities and you have a bankruptcy victim instead of a stock. Never again. -- Carl