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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (34375)	10/22/1998 6:16:00 PM
From: gambler	Read Replies (2) of 132070

Mike, I have my WFC puts already, but I am looking at BT also. What do you make of this craziness from thestreet.com? Traders said the experience of Bankers Trust (BT:NYSE) epitomized the current environment. Bankers Trust posted a third-quarter loss of $4.98 a share but closed up 2.1% on the session. "The earnings were a disaster but people are thinking, 'This is the worst they could hurl,'" said one market veteran, who requested anonymity. Bankers Trust has also become a "takeover play," the trader noted, suggesting the recent merger activity is "forcing people to reevaluate that stocks are a buy." Link to above article: thestreet.com Thanks, Gambler

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