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Strategies & Market Trends : Classic TA Workplace

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To: AllansAlias who wrote (78123)	7/31/2003 1:05:13 PM
From: yard_man	Read Replies (2) of 209892

can't disagree -- much -- sitting on some BAC august puts -- probably go up in smoke -- don't regret it -- will reload if rates continue backing up and the shares move up or stay flat. Where I differ is here: it doesn't take a derivative accident to hurt the earnings of financials -- fast swings in rates are enough -- anyway, it's about perceptions of futures earnings at some pt. A continued rise in rates makes them a decent speculation. But you didn't mention the mortgage bankers -- I've had a couple of profitable trades there already -- CFC. Does it make sense to you that these would lead the banks a bit? -- I can rationalize it, at least.

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