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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (2548)9/3/1998 1:51:00 PM
From: Phil(bullrider)  Respond to of 18998
 
Bill,

Judging from the activity today, I would say now is not the time to long the banks.

JMHO,
Phil



To: Bill Wexler who wrote (2548)9/3/1998 3:53:00 PM
From: PaperChase  Read Replies (3) | Respond to of 18998
 
Once again I find myself arriving too late to another fabulous party of Mr. Pink :-( FP opened and went down before I could buy my puts.

Tonight, I must summon the spirits of dead foolish stock brokers and ask them to rally FP above $25 one more time so that I can buy out of the money puts at a reasonable premium.



To: Bill Wexler who wrote (2548)9/10/1998 12:45:00 AM
From: Larry Abrams  Respond to of 18998
 
Subprime REITs indeed blowing up all over the place:

Latest: DX, PAMM
Earlier: REXI, FMAX, SFC

Next up the food chain will be the real estate companies
probably in a few months

And highest on the food chain are companies who offer
Lines of credits to REITs

And a name that keeps popping up is MER (Merrill-Lynch)