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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Texas77 who wrote (16396)10/7/1998 8:19:00 PM
From: Brian Diggle  Respond to of 120523
 
I don't think its a GEM but you might make some money on the "dead cat bounce". JMHO

Yours truly,

Brian Diggle



To: Texas77 who wrote (16396)10/7/1998 8:43:00 PM
From: tom pope  Respond to of 120523
 
There's no way you can evaluate these companies unless you get into their mortgage portfolio and see how exposed it is to prepayments, how much is in interest only strips, whether any of that exposure has been hedged, etc.

The gas they took today, as you probably know, came as the result of a downgrade by Pru. They are certainly trading as though the market expects them to go belly up. But it would probably be prudent to wait until more info is available, or a good recovery on good volume is in place. Still, a tough call.