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: JEB who wrote (160)	10/18/1998 10:34:00 AM
From: Gil Gilbertson	Read Replies (1) of 268

Found something on the tscn site, Telescan did a lot of basic financial website work for Fortune and Citicorp. 2. Telescan announced they might entertain a suitor and hired Montgomery. Very interesting on TSCN...look at institutional purchases last 3 mos. it is apparent someone is acquiring during this selloff. The institutional ownership now shows at about 17 per cent. They have never had such interest in the stock before. Could it be that a buyer has been located by Montgomery and the selloff to $3. has made it much easier for them to acquire the company by loading up at these prices and then only having to buy considerably fewer shares when the offer is made. Could it be one of the above, that is Fortune or CCI?whoever,they surely wouldnt be buying if something wasnt brewing......very, very interesting.....gil

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