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


To: isopatch who wrote (15774)7/15/2002 2:57:37 PM
From: Eva  Respond to of 36161
 
Isopatch

The market is treating me extremely well! I am sitting on huge profits, and only sold off some today, because Sliders argument about Allan Greenscum speech tomorrow, and his and the Feds combined afford to keep the US$ from falling too fast and ergo Gold from gaining too fast!
Got prec.metals equities and Naz. sept puts!
Cheers
Eva



To: isopatch who wrote (15774)7/16/2002 9:52:53 AM
From: isopatch  Read Replies (2) | Respond to of 36161
 
JP Morgan..the latest denials

Act III of the Emperors New Clothes....

Isopatch

=======================================================

biz.yahoo.com

<Tuesday July 16, 9:26 am Eastern Time
Reuters Business Report
J.P. Morgan Denies Liquidity Rumors

NEW YORK (Reuters) - J.P. Morgan Chase & Co. Inc. (NYSE:JPM - News) on Tuesday denied rumors in European markets that the No. 2 U.S. bank holding company was having liquidity problems.
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"The rumors are untrue and irresponsible," a J.P. Morgan spokesman in New York said.

The bank's stock fell in European trade. Dealers cited rumors of liquidity problems.

J.P. Morgan will report second-quarter results on Wednesday, the company spokesman said. Its earnings per share are expected to nearly double from a year earlier, to about 65 cents a share, according to analysts polled by market data firm Thomson First Call.

Corporate loan problems have beset J.P. Morgan in recent quarters. The bank was a leading lender to bankrupt energy trader Enron Corp. (Other OTC:ENRNQ.PK - News) and also to telecommunications company WorldCom Group (NasdaqNM:WCOME - News), which recently disclosed what could be one of the largest accounting frauds ever.

J.P. Morgan shares fell to $28.50 in pre-open trading from a Monday close at $30.08>