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lee kramer

03/23/03 3:49 AM

#90267 RE: titan3 #90244

Titan: An entry point for RMBS depends upon the type of trader you are: an entry for a day-trader would be different than an entry point for a trader who may be more comfortable with a several day/week/month hold. Analogy: Tiger
Woods and Brad Faxon are playing each other, 72 holes. Over 72 holes, Tiger would be the prohibitive favorite; but for any particular hole, the odds come way down, Faxon can beat Woods on almost any single hole.