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To: KymarFye who wrote (63850)	12/6/2000 2:00:47 PM
From: Saulamanca	Respond to of 99985

13:55 ET Bank of America (BAC) : -- Update -- Now sees 2001 earnings of $5.10 to $5.20 vs mean estimate of $5.49. Notes that projections are based on the assumptions of a soft landing for the U.S. economy and no change in the company's business mix.. 13:51 ET Bank of America (BAC) 40 1/4 -15/16 (-2.3%): Bank holding company guiding down Q4 net to a range of $0.85 to $0.90 a share, well below the current First Call mean of $1.17. BAC says it is experiencing continuing deterioration in credit quality, with nonperforming assets expected to rise 20% from Q3 level. Edit: 14:05 ET Bank of America (BAC) 40 1/4 15/16 (halted): -- Update -- Indices backing up (Dow -188, Nasdaq -44, S&P 500 -20) as financial sector stocks weaken on BAC earnings warning. BAC currently indicated to open $38-$40. briefing.com

To: KymarFye who wrote (63850)	12/6/2000 2:20:18 PM
From: High-Tech East	Respond to of 99985

KymarFye ... thank you for your comments. Ken Wilson

To: KymarFye who wrote (63850)	12/6/2000 3:42:07 PM
From: byhiselo	Respond to of 99985

KymarFye, very well put and i would agree which is why i posted the original article, awaiting the next report... cheers

To: KymarFye who wrote (63850)	12/7/2000 10:28:40 AM
From: High-Tech East	Read Replies (2) \| Respond to of 99985

KymarFye ... follow-up from yesterday on the "commercial hedgers" ... I looked further into the situation, and discovered, as I thought, that the author of that article, on TheStreet.com (Aaron Task), does not have even a clue of which he speaks ... Long or short positions by "commercial hedgers" in the S&P 500 futures have absolutely no direct connection on the specific prices of any of the 500 stocks in the S&P 500 Index ... It is the reverse, of course ... the S&P 500 Index causes the S&P 500 futures prices (along with other factors) to move ... this is not like somebody covering a short position in a stock (which I believe is what magnified the stock rally this past Tuesday). ... so do not look for any positive impact on stock prices if the "commercial hedgers" are wrong in being short S&P 500 futures ... the commercials will lose money to the individuals who sold them the contracts, but that will be it. ... not to mention that the commercials will not be wrong to begin with ... it is they who determine where the equity prices in the S&P 500 will move ... and in this case it will be down ... way down ... ... and that is how I am playing it with my March S&P 500 puts. Disclaimer: The above is my personal opinion. I recommend that you do not base your investment decisions solely on any one person's views or analysis (including mine). Do your own research and take personal responsibility for your investment decisions. Ken Wilson