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Strategies & Market Trends : Trader J's Inner Circle
NVDA 176.39+0.8%3:20 PM EST

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To: Canuck Dave who wrote (23117)11/22/1999 2:23:00 PM
From: Trader J  Read Replies (1) of 56535
 
CD: WM - They are a regional bank that is growing very quickly. They are expanding into Nevada now as well. Banks have been out of favor for about a week now and WM has gone with them. They also just recently redirected their efforts to a new set of goals. They are planning to increase their ROE but they also expect to reduce their eps by 2% .... that along with the out of favor banks has dropped it. I told myself that if I could get in back under 30 again, I would take it.

I love WM's philosophy of business. They have a refreshing way about them and they are as close to being a credit union as any large bank can be. I would like to hold them long term as I have little doubt about their long term performance, but I will take 5 points or so if it is offered.

Tj
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