WAMU (WM) Message Board - Msg: 13268204

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Non-Tech : WAMU (WM)

WM 199.77

-0.4%

Oct 31 9:30 AM EDT

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To: freeus who wrote (95)	3/23/2000 3:22:00 PM
From: tuck	Read Replies (1) of 116

freeus, A little soon to speculate beyond the low 30s, IMO. Much depends on earnings. Many financial institutions have evolved their business models so that they are less hostage to interest rates. Chiefly through diversification, now that regulators are allowing it. Thrifts are a bit behind the curve in this respect. Contrarian that I am, I look at that as an opportunity. They have more to go in insulating themselves from interest rate fluctuations. I think the stock prices of thrifts will reflect progress made in this area, but that's a long term trend. WM has been trying to move to higher margin loans from a growth through M&A strategy. The next couple of earnings reports should give us some idea of what progress WM has made. The buyback may help. If we get a couple of surprises, the 40s seems quite plausible. Near term, it looks like we may consolidate in the 26 -27 area for a few more days, then on to the resistance at 30. Looking for a shallow string of pennants. Cheers, Tuck

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