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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (661)	9/10/2003 11:33:29 AM
From: russwinter	Respond to of 110194

Looks like some games going in this one today. Nice entry shorting opportunity for something likely to get into the "epic credit bubble" downward rotation. Pretty rich naked call writes as well: Briefing.com: 8:28AM Capital One estimates raised at Goldman Sachs (COF) 56.05: Goldman Sachs ups its EPS forecast on COF as visibility on the earnings trajectory at COF is strengthening. EPS estimates for 2003 go up by $0.05 to $4.65 and 2004 by $0.25 to $5.25. The firm's Q3 estimate increases by $0.05 to $1.09. The strong August loan growth and credit metrics coupled with the solid numbers for July point to both better-than-expected asset growth and credit loss run rates and suggest an upward bias on the firm's new 2004 estimates. Firm expects COF shares to be up strongly on the Aug data.