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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (28776)	1/30/2002 6:30:38 AM
From: Steve Lee	Read Replies (1) \| Respond to of 52237

Re: Citi I read an article some months back how a US bank, I think it was Citibank, was offering high interest rate (I seem to remember 8%) deposit/savings account in Japan. These were being taken up in droves. There was a catch however, the holder of the account had to make a guess as to which way the Nikkei was going to move, and it had to move by a significant amount. Well, I beleive that the move below 10k is enough that all those who said down would be entitled to their 8% or whatever the rate was. Maybe Citi hedged every customer bet, or maybe they thought "8% isn't much and it won't happen anyway". Will be interested to see how it works out.