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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (15819)	5/3/1998 7:16:00 PM
From: Judy	Respond to of 69835

sonki, which dogs did you find attractive enough last week to buy besides MO? Are you rolling money into SPY at current market levels, thought you posted that but I wasn't sure. Check out DPMI and tell me what you think, as an investment not as a trade.

To: Sonki who wrote (15819)	5/4/1998 2:43:00 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69835

Hi Sonki, Nancy suggested I talk to you. She said you did some research into the notes in this link. techstocks.com My Canadian broker has not been able to find out much about it. He did find a quote for it on the Chicago exchange. It was 1000 1/4 ask no bid. At first read I thought that the investor was indireclty buying a basket of telecommunications stocks and that he/she would participate in any stocks price appreciation over the time period of the note. On second read I am not sure this is the case. It appears the note does not trade at premium to the net asset value, so what is the advantage to issuer? The issuer also need to pay 2% interest every year that the note is outstanding. In this kind of deal the issuer is trying typical get the use of your money at a cheap rate for a fixed period of time. There should be an angle here. You can't buy leaps that far out, so they are not buying leap options and then investing the rest of the money in a bond to cover the interest. I don't quite understand how this deal is structured. Could you please provide further details if possible. Regards Harry