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Strategies & Market Trends : Option Trades -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (196)	1/1/1998 9:04:00 PM
From: zx	Read Replies (1) \| Respond to of 2341

Hi dlucus, this is really exciting and could really be profitable if the large money center banks, especially citicorp, start to slip because of the asian monetary crisis. i think it shows that citibank is at two+ times the risk as the other money center banks, because of its much higher exposure to asia. i will add citicorp to my portfolio's right now. if asia hurts these banks and it may, puts will make tons of money. from the article: He said the unprecedented bailout efforts are clear evidence of the severity of the crisis and vulnerability of Korea to financial collapse. ''We believe Korea will be in the 'hospital' for a long time,'' he added. He said there was also a danger that ''bad news'' could follow from Japan and Indonesia as well as other countries. Salem said he calculated exposure of the five U.S. money center banks to Asia using in part publicly disclosed information and information from management. He said he believes the figures are ''reasonably accurate'' and ''in the ballpark.'' For Citicorp, he estimated total Asian loans, including Japan, at $40.0 billion as of September 30. He estimated $14.3 billion for Chase Manhattan, $10.0 billion for BankAmerica, $4.0 billion for J.P. Morgan and $1.8 billion for Bankers Trust. For the five, he estimated total Asian assets including loans at $60.0 billion for Citicorp, $32.0 bilion for Chase Manhattan, $23.0 billion for BankAmerica, $25.0 billion for J.P. Morgan and $11.0 billion for Bankers Trust. He calculated the ratio of total Asian assets to total assets as 20.0 percent for Citicorp, 8.7 percent for Chase Manhattan, 8.9 percent for BankAmerica, 9.3 percent for J.P. Morgan and 7.9 percent for Bankers Trust. if the pieces fall in place success is almost assured. great work of doing your homework, ag