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To: Cynic 2005 who wrote (80524)12/20/1999 4:55:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 86076
 
i haven't looked at MWD's finanshuls and have no opinion therefore...but i know that the Morgan guarantee trust is the biggest holder of derivatives in the U.S., and somebody has to sit on all those unrealized losses from Freddie's and Fanny's hedging. of course the contracts don't have to be marked to market. sort of like the Japanese banks with their non-performing loans.
once this particular party on WS ends, the banks and brokers could really be in trouble...perhaps some subconscious fear of what might happen has entered the minds of 'investors'...see the weakness in the e-brokers in spite of record volumes on the NAZ.



To: Cynic 2005 who wrote (80524)12/20/1999 8:44:00 PM
From: NickSE  Respond to of 86076
 
MWD has forbidable resistance around 134± which is keeping a cap on any upmove. Interesting observation though, IMHO, it could be topping right here. Watch 136, because a break of it will indicate a P&F buy signal and new leg up. Break 124, and that will be two consecutive P&F sell signals.

MWD beat the estimates by a good margin and is splitting 2 for 1. Yet the stock went no where today. Interesting.


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