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To: Big Dog who wrote (30241)10/1/1998 1:17:00 PM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 95453
 
Big Dog....''freudian slip'' - ? S&M stocks ??

...off hand; I don't know of a fund that specializes in Savings and Loans; the problem is that great funds like Fidelity Select Home Finance own Sub Prime lenders like First Plus who have crashed lately and bigger banks as well... If there was a fund just specializing in domestic S&L stocks - that would be the ticket. I'm just am not aware of one ? Even the regional Bank funds have some International exposure etc...

Anyone else know of a S&L speciality mutual fund ?

Dog; maybe just buy a basket of 6-10 here ? Diversify geographically - some on East coast - NJ CONN NY; FLA; midwest and Calif....

PS can anyone understand why the ''rock of rocks'' with super earnings stability - RIG; keeps moving in $2-$3 swings; crazy... These damn fund managers are nervous nellies... buy the damn stock and sit on it ! It is a no-brainer...I feel like slapping those pimple-face kids running those funds around a little - just 15 minutes alone with the little snot-noses... they'd buy and hold some RIG ...<VBG>.



To: Big Dog who wrote (30241)10/1/1998 4:57:00 PM
From: JZGalt  Respond to of 95453
 
Big,

Take a look at BTO - John Hancock Bank and Thrift fund. I've watched this one on and off for years. Got waaaay to expensive when everyone wanted the S&L's to get away from Asia. Now hovering in the buy range IMO.

Stay away from buying the smallest S&L's as individual stocks. Volume dries up and blows away when the market goes to hell.

quote.yahoo.com

That little upblip (late 1996) was a 3 for 1 reverse split I believe.

Put the darn thing away for 15 years and when the US is down to 1000 banks and S&L's, then cash it in.

----
Dave