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Non-Tech : BANK ONE -- Ignore unavailable to you. Want to Upgrade?


To: Big Dog who wrote (330)2/18/2000 1:25:00 PM
From: Rob C.  Respond to of 466
 
Darrell,

The stock is in free fall, I am going to double up the question is at 20 or 15. I will buy on the way back up whenever that is.

Regards,

Rob



To: Big Dog who wrote (330)2/18/2000 4:18:00 PM
From: Steve Fancy  Read Replies (1) | Respond to of 466
 
FWIW, I picked up 20 more Aug 30 calls at 1 3/8. Five more and I somehow got myself into a block of 50. I'll buy more if she goes lower...might even consider some 20's or 25's. Bond improving...gotta believe this death spiral will end soon one way or the other.

Good luck,

sf



To: Big Dog who wrote (330)2/21/2000 10:36:00 AM
From: Rob C.  Read Replies (1) | Respond to of 466
 
Darrell,

I would think that value investors should be buyers here, but the falling knife syndrome stops them. The big boys will have to start buying first, then the public will join in after it reverses itself. Any positive money flow will take the stock back to 30. Friday's volume was higher than normal, but the price didn't suffer as much as it should have, I think that we may(maybe not!) see one more really bad day, then a recovery. I would think that touching 22 ot so should do it. Many people had stop losses that were triggered on Friday and the same will happen this week sometime. You gotta love the herd mentality. The institutions are loading up as the little guy gets squeezed.

Assuming that ONE doesn't change the dividend, a 6.90% yield is very enticing. Not to mention the fact that the stock is trading at 8 1/2 times next year's estimates. In comparision BAC is trading at 8 1/2 times next year's estimates while paying only 4.5% dividend.