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To: Spekulatius who wrote (40674)11/24/2000 12:21:39 PM
From: pater tenebrarum  Respond to of 436258
 
you have to keep in mind that the German banks are still heavily involved in Asia and emerging markets in general. those are all imploding right now. there will be news about sharply increasing loan loss reserves....

i'm giving DCX the hairy eyeball too. however, cheap may not be cheap enough. again, it depends on how the US economy lands. my bet is on a crash landing at this time, due to the fact that the credit bubble's support struts have begun to groan audibly. in which case we'll get even more reasonably priced car makers.



To: Spekulatius who wrote (40674)11/24/2000 12:55:04 PM
From: s.pecunius  Read Replies (1) | Respond to of 436258
 
DCX hint:
because you are a German living in the States let me tell you that this week there was a huge "BILD" front page story "ANGST um Mercedes". This newspaper is THE German contrary indicator. They called the latest 3 market tops 1-2 days ahead of the decline (enough time for their readers to get in). Their last money related headline was on March 1st: "Geldrausch! Jeder kann reich am Neuen Markt werden!" ...
Bought some DCX calls, perhaps they are a takeover target or they sell Chrysler. Deutsche Bank said they will not sell their 12% stake at this price level.