Consumer Portfolio (CPSS) Overbought! Message Board

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Strategies & Market Trends : Consumer Portfolio (CPSS) Overbought!

CPSS 8.400

+2.9%

Oct 31 9:30 AM EDT

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To: Stonesouls who wrote (67)	8/30/1998 1:12:00 PM
From: bob yahnke	Read Replies (1) of 112

Bottom line. Simply the uncertainty of future financing (which will not be a problem) and the market melt down. When mutual funds and institutions need to get out the market makers will drop their bids to ridiculous levels to buy these large blocks of stocks. Institutional ownership is down at least 30% (not including the month of Aug.) It's just a matter of time before they get the right financing even if they have to go up a couple of interest rate points to get it. Their profit margins will still be very HIGH.$$$

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