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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (4794)	1/21/2009 6:28:51 AM
From: RockyBalboa	Respond to of 6370

The banking crisis is exhibiting some interesting "tails". Turns out that a large Austrian Bank with activities in Central Europe and which has its "Foundation" holding a 30% stake is losing value so quickly that the foundation which has also a billion in debt, is possibly receiving margin calls. And to make things worse, the Central European Countries which cashed out billions when they sold their local banks to the Austrians are not even thinking of putting back some cash to help the ailing banks. A disaster waiting to occur. The local press touts the stock as a takeover canditate being at an 8 year low but Moody and Goldman Sachs have other thought. A trade is a trade and with the catalyst just a few inches away... The mechanics are pretty clear. Buy (only) when blood is running in the streets. But right now, there is no dead corpse yet, so no buy. Worse is there´s a packet of 100Million shares hanging and ready to be moved...