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Strategies & Market Trends : Nelson's Trail -- Ignore unavailable to you. Want to Upgrade?


To: Nelson Chang who wrote (19)3/23/1998 3:44:00 PM
From: Nelson Chang  Read Replies (2) | Respond to of 50
 
Sold short RMBS @ 40 5/16.

1) Buying for break below 40.

2) Market is pulling back.

Warning, though, the low volume in RMBS is not reassuring that RMBS is gonna break 40 but it is getting closer.

Currently, 40 3/16 x 40 3/8.