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Strategies & Market Trends : Waiting for the big Kahuna

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To: Moominoid who wrote (24460)8/17/1998 1:14:00 AM
From: FJV  Read Replies (1) of 94695
 
David,

JPM was up strongly on the unlikely rumor that Deutsche Bank was buying at $175 and the JPM was holding out for more. Yeah, and as soon as that deal goes through, I have a bridge in Brooklyn to sell. The people who went long on that piece of information are likely to be toast tomorrow when the rumor turns out to be just a vehicle for the Big Boys to unload their JPM at a good price. JMHO & BWDIK.

Franco
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