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Strategies & Market Trends : Bluegreen Corporation (BXG) -- Ignore unavailable to you. Want to Upgrade?

To: Patrick who wrote (52)	3/10/1998 10:20:00 AM
From: Greg Werlinich	Read Replies (1) \| Respond to of 110

Pat - The news is that the company is offering a $100 million debt deal. They will be swapping much of their existing high cost debt for lower cost debt. The road show for the deal begins Friday. It should last about two weeks. Their fiscal year ends March. I expect that the full year numbers will be quite good. As for stop losses, I don't like them at all. I believe that by placing stops, you are almost ensuring that you will in fact sell the stock because it wil invariably drop down on any given day to hit your stop. I feel that in general, if you are that unsure about your position you might as well sell it at the higher price. As for BXG, I'm looking for it to continue to appreciate through the year and beyond. Greg