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Strategies & Market Trends : Anyone following Capstead (CMO)?? -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (200)	1/8/1999 11:37:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 216

SME; they over reacted to the bad news, every one said chapter 11 or 7 and all that, I mean they took her down to 1/4..crap I knew that had to bounce. Today surprised me, and I never counted on as much of a bounce this soon. Thing is often with these cheapies if you look good and see that they still have some cash and the news is over done, it's not rare to hit a double. If there are many institutional holders they won't let her completely die before they unwind and get back some of their money. Thanks for the lead I'll look at PCR and get back with you, meanwhile if you will take look at PAMM and FP. I've ducked in and out of PAMM already , and may do her again, FP I'm still thinking about. ------------- Jim PS Just took a fast look at PCR, it don't really fit my distressed profile, like having had it's legs cut off, with a ton of bad news and some real panic in it's more resent history. <G> Also the volume is a bit to low. I've tried them kind and they can take forever before somthing can happen. --- Jim