Shorting the Big Banks (e.g. JPM, BT, CMB, CCI) Message Board

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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI)

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To: HiSpeed who wrote (49)	9/6/1998 4:55:00 PM
From: HiSpeed	Read Replies (4) of 268

I have been a strong advocate of shorting the banks and brokers. If we open strong Tuesday, these could really take off and I'd probably cover any that I were still short. My reasoning why I think the market could ramp Tuesday is the Fed blinked! They are considering easing interest rates. That, alone, should be good for a couple hundred point rally. And when banks can get funds at better rates, people may reason their outlook may no longer be so grim. Anyone still short may want to put a stop in place just in case these puppy's ramp.

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