Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Jibacoa who wrote (9691)	9/8/2001 4:36:03 PM
From: Sergio H	Read Replies (1) of 13094

Bernard, the bank stocks have performed in step with the Dow so far this year. Lower interest rates has been a positive development while on the other side of the coin, a declining economy has resulted in more non-performing loans than normal. Reader of this thread have enjoyed Jim and William's discussion on the bank sector. Much of the discussion centered on small banks, but the large caps share many of the same issues. Fleet is featured in the latest BizWeek as a takeover candidate because it is selling at a discount PE ratio to its peer group. The preferreds, even though they pay 8% would not be of interest to me. They're more for institutional hedging than for the little guy. If you like Fleet, and you like big money center banks at this time, a good strategy might be to go with the regular Fleet shares and write some covered calls to limit your exposure and cost basis. Somehow, I have a feeling that you would rather go with something a little more volatile. Sergio

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