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To: Thean who wrote (4343)	10/16/1998 10:30:00 AM
From: 007	Respond to of 14427

Short Pick: ALTR 38 1/2

To: Thean who wrote (4343)	10/16/1998 10:35:00 AM
From: Timelord	Read Replies (1) \| Respond to of 14427

Hi Thean, what's your take on the evil tower? I was stopped out when I went on vacation last month and of course no shares were to be had for shorting thru Schwab until last week. As soon as I was able to re-establish a position the POS decided to pop. Think this "strength" is short lived? Trying to decide to cover and take my lumps or wait it out... Thanks. Alex

To: Thean who wrote (4343)	10/16/1998 12:58:00 PM
From: Peter V	Read Replies (1) \| Respond to of 14427

Refi's depend on a few things, first of all, how long do you plan to own your home, and will the refi costs be paid for in that amount of time by the lower payment. THe penalty is just another added cost to your calculation. I can't refi because although I asked for a non-penalty loan, all my broker offered was a penalty loan (about $4K penalty), which matched the rates on the non-penalty loans I found, but then he offered to pay all costs. With much reluctance I took the loan, and saved about $2500 in closing costs. So in my calculation, I could take the 4K penalty and subtract it from the 2.5K costs I didn't have to pay, and say the net of the refi penalty would be 1.5K. But since I already spent the 2.5K, it would feel like 4K, so I'll just sit tight with my 7.25% no point, no cost loan, and grumble about how I should have told that SOB to stick that penalty loan. PM me if you want to discuss this more.

To: Thean who wrote (4343)	10/16/1998 3:10:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 14427

Thean. If you plan to keep your house longer than 3 more years then do the refinance. You will more than make up the 1K penalty. MU not doing so well with that good news. 34 is tough to crack.