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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Sharp_End_Of_Drill who wrote (8564)	2/28/2002 11:39:59 PM
From: BSGrinder	Respond to of 36161

I agree completely about the risks of shorting JPM. But as someone pointed out, just because they will not be allowed to go bankrupt, doesn't mean their stock won't trade down to 10. I also think they have been putting a brave face on their exposure to Enron, Argentina, Qwest, gold, etc..., which reflects the ability of the money center banks to hide their losses from immediate scrutiny. But a few billion here and a few billion there adds up to real money, and the losses will ultimately have to show up somewhere. They have sprung some nasty earnings surprises in two of the last 4 quarters and they are going to have to do it again soon. There is also the question of whether they are too big to bail. Just my two cent's worth. Best of luck, /Kit