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To: rdwng who wrote (75167)10/28/1998 10:32:00 AM
From: Lucretius  Respond to of 176387
 
YOU forget that precisely because liquidity dries up, you get crashes. ie- NO BIDS! Why do you think all of the hedge funds have taken such a bath in mortgage-backed securities and junk debt... NO BIDS so NO LIQUIDITY! They made the same assumption that you are... that liquidity will always be there. They were wrong.

you are right though, if I was offered 20,000 for that POS, I'd probably sell it (G)