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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (22155)	7/24/1998 9:05:00 AM
From: James F. Hopkins	Respond to of 94695

Hi Bonnie; I saw taht and pinched myself. Thing is that's on my check list for any stock that falls a lot, and I forgot to wait on it, so I'm really mad at myself. What I'v found ( there are exceptions but I don't bet on exceptions) is generally after a big fall , the lawyers will start these class action suites . Of course they hype them up but most of the class action people wind up with very little, the lawyers get the cream. Well any way my idea is after these falls when the lawyers put the case together word leaks prior to the news, and the stock gets shorted. Then the news breaks and the stock get hammered, then several days or weeks after she does her bounce. It's like prior to that news release people take positions to exploit it. So on those fallen angels I'm supposed to wait until after the class action news to jump in. ------------------- Have you noticed what happens when the S&P down grades someone's debt ? the stock drops , then almost always bounces within two weeks. I hit ECO and SME that way , both dropped dramatically on debt downgrades..both over double within two weeks after. Same with a lot of these class action cases, unless the SEC gets involved they mostly blow away. BUT I was not supposed to buy before the class action, hell I knew it had to be coming but failed to consult my check list. :-(( Jim