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Non-Tech : Farmer Mac- FAMCK -- Ignore unavailable to you. Want to Upgrade?

To: DownSouth who wrote (7)	7/13/1998 12:57:00 AM
From: Bonnie Bear	Read Replies (2) \| Respond to of 29

Are you trading it or a buy-and-holder? A SIer from another thread told me about a bearish article on FAMCK in Grant's Interest Rate Observer. Nothing in the article would make me sell. If Farmer Mac does nothing more than leverage the balance sheet to buy subsidized securities, it is still likely to outperform a bond fund. The Grant's criticism runs along the lines that this is the only thing FAMCK does, that it does little to do with agricultural lending and everything to do with its desire to reward its private owners. (SO...what's wrong with that???) If you are trading, you MUST put in a limit order or you will be very sorry. You might keep an eye on Yahoo, their posting thread seems to be more active..