Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (6665)	9/18/2002 7:29:42 AM
From: Clappy	Read Replies (3) of 89467

here is how they die word on WSt has that when the stock goes below 20, capital requirements dictate shedding a significant portion of their derivative book they balance $25,000 billion in notional value derivative contracts, more than twice their nearest neighbor, more than Citi and BofAmerica combined This alone seems to be a good reason to play a bounce up in the stock price for a swing trade or scalp. Especially if JPM opens below 20. If there was ever an excuse to prop a stock, your reasons would seem like one. If you look at JPM's chart you will see what happened last time it dropped to 18ish. It may not bounce as high this time, though. If it opens in the area of 18 today, it's possible to see a 10-20% pop upwards in the coming week(s) before that $20 level erodes... Just something to think about... Is that $20 level/derivative book stuff a rumor or is there a little bit of fact backing it up? Where did you hear about it? <edit> just saw similar $20 level info on another thread, too. -JackassOfAllTrades

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