SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Chase Manhattan (CMB)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Doug who wrote (157)8/12/1998 8:30:00 PM
From: Moominoid  Read Replies (1) of 213
 
I would be very wary of bank stocks given developments in Japan/Asia and a possible mild recession in the US in the next year or so. Last Fall Chase and other banks were beaten down by the same worries which at the time looked overdone - given general US sentiment on the Asian Crisis. So I jumped in and bought Chase at 108 (pre-split) and even recommended my father to do the same (102). I got out at 147 and he at 75 or so post-split. I think sentiment has changed now and so am not jumping to get back in. I will continue tracking Chase closely as very long term I think it is potentially a good investment.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News