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

To: Bonnie Bear who wrote (22816)7/31/1998 9:16:00 AM
From: James F. Hopkins  Respond to of 94695
 
Hi Bonnie; If you want to see something ugly look at CMO , it does
the same thing RWT does. My fear would be RWT is still holding some
IO slips, I have not looked but would if I owned the stock,
if she breaks the news latter she could easily follow the path of
CMO. This lack of spread in rates can't be helping her, while
they are set up as RIETs that's sort of cutting the definition
kind of thin.
Jim



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