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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (8347)10/8/1998 8:56:00 AM
From: Logistics  Read Replies (2) | Respond to of 25711
 
IMCC - Be Careful

I found this on Nasdbull's bounced thread: Post # 464

Laura: you are crazy to get into IMCC, actually, not smart.

I talked to one of my clients today(title/escrow company) about securitization loans of loans by mortgage companies. He actually told me that he received an e-mail from corporate saying that if they receive funds from Southern Pacific(SFC), make sure they are wired funds. 3 days later SFC went bankrupt.

Looks like corporate knew it 3 days before we did.



To: Joe Copia who wrote (8347)10/8/1998 10:46:00 AM
From: musicguy  Read Replies (1) | Respond to of 25711
 
Thanks Joe. IMCC I am out again, and looking to get back in if it gets near a buck. Otherwise there are too many other bargains out there....

Sold some CDNW at 8 7/8 yesterday (got lucky and order [artially filled).... I am buying back in under 8.....

cheers

MG