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: BDR who wrote (200)	11/17/1998 5:32:00 PM
From: sandbag	Read Replies (1) of 268

Dale, Thanks for your thoughts. I ended up selling my call side of my BT straddle on the pop up to 70. Still have the puts. It seems the whole financial sector made a big jump today. I would think it will do some retracing tomorrow. Sort of a delayed retracement that the DOW did today. "I am thinking that at some point there must be some consequences to all this leverage in the face of the slowing economies overseas and but haven't seen it yet and the market seems to think that all the problem have gone away." I agree. When you add up all the factors, overvaluation, struggling overseas economies, bull market leveraging in what could easily turn into a major "correction", and some of these institutions BT, CMB, etc. are going to have to face the music. Regards Sandbag

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