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To: Wade who wrote (9)6/16/1999 1:05:00 AM
From: Wade  Respond to of 14
 
All,
Today's action is mainly due to new "strong buy" coverage by FS Van
Kasper. The price rose very fast at open but only retrieved back at
close. Nevertheless, it absorbed 537K shares selling pressure.
Apparently, there are a lot of people are interested in getting in
this stock. This is probably the best deal we can find by sitting on a
dividend close to 30-year bond, at about book value and waiting for
recovery.

Here is the history of recently coverage:

Date Broker Action From To
15-Jun-99 FS Van Kasper Started - Strong Buy
23-Apr-99 Merrill Lynch Upgrade LT Neutral LT Accumulate

I bought boat loads of a stock in a similar situation about 6 years
ago. I sold all of it way too early ... only realized 40% gain within
1/2 year, but missed to double it a year later, furthermore, I missed
the take over offer which could give me a triple within 2 years at
very low risk. I will not make the same mistake again. This stock is
not for sale for 5 more years. Good luck.

Sincerely,
Wade