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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: MythMan who wrote (58589)8/25/1999 12:36:00 PM
From: John Pitera  Respond to of 86076
 
G certainly has rallied off of its recent lows. Guess business is improving -s-

yes , you Mohan and I were able to get out of our G shorts pretty much at the bottom, without too much hand wringing. that worked well.

G is one of my hall of fame shorts of the year and KEP is one of my Hall of Fame Longs. I mentioned that I bought it last week at 14.62 and it's rocked back to 19.38 by today.

MBK which is Bank of Tokyo -Mitsubishi, has come back to 15.75 which is the breakout point from a 3 year bottoming formation. I more than doubled my position today

I would consider buying yourself a little. I think there is very little downside and that it could have a run to 24-26 so in the next 6 months.

In the next 2-3 years it can probably be more than a double, possibly a triple.

buying MBK may well be like buying Citi in 1990, as Cramer has contended the past year or so.

John