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To: Bo Didley who wrote (7570)	4/13/1998 2:05:00 AM
From: Chris	Respond to of 42787

BankAmerica and NationsBank said near $50 bln deal (updates to include BankAmerica/NationsBank nearing merger) By Sue Zeidler LOS ANGELES, April 12 (Reuters) - Banking giants BankAmerica Corp. (BAC - news) and NationsBank Corp. (NB - news) are nearing a multi-billion dollar merger, industry sources said on Sunday. ''We're hearing that NationsBank is in talks again with BankAmerica,'' was all a NationsBank executive would say over the Easter weekend. But another industry source said on Sunday the two banks were close to announcing a deal believed to be valued at around $50 billion. In another banking merger sources in New York said on Sunday Banc One Corp. (ONE - news) was expected to announce on Monday plans to buy First Chicago NBD Corp. (FCN - news) for about $29 billion in a merger that will bring together two powerful Midwest banks. Merger fever appears to be spreading fast in banking circles since Citicorp announced its $80 billion mega-merger with Travelers Group Inc. last week, combining the No. 2 U.S. bank with the fast-growing financial services company that last year bought Salomon Inc. Officials for both BankAmerica and NationsBank declined comment on Sunday although executives at BankAmerica's public relations office were working well into the evening on Easter Sunday. NationsBank, which is set to report earnings on Monday, has scheduled a meeting with analysts at the Waldorf Astoria in Manhattan later in the day. Industry sources also said that NationsBank chief executive Hugh McColl was in San Francisco on Friday afternoon, fueling rumors that he was meeting with executives of BankAmerica, which is based in the city. He reportedly had no schelued meetings with NationsBank's San Francisco subsidiary Montgomery Securities. Charlotte, N.C., banking giant NationsBank has a history of making acquisitions over long holiday weekends. Other rumors this week linked acquisitive First Union Corp. (FTU - news), also Charlotte, N.C.-based, with Wells Fargo and Co. (WFC - news). ''Everybody's talking with everybody,'' one investment banker said. Last Labor Day weekend, NationsBank bought Barnett Banks Inc. for $15.5 billion -- exactly one year after NationsBank's $9.75 billion buyout of Boatmen's Bancshares Inc., also over the September Labor Day holiday weekend. Analysts said NationsBank Chief Executive McColl has long expressed an interest in moving into California and that the Citicorp-Travelers Group Inc. deal might have added fuel to the fire. ''McColl has said the only hole in his franchise is in southern California and that his interest in thrifts (savings and loans banks) is less than zero,'' Merrill Lynch analyst Livia Asher said. Giant Seattle-based thrift Washington Mutual Inc. (WAMU - news) just bought California's H.F. Ahmanson and Co., creating a savings and loan superpower in California, and leaving the several remaining smaller thrifts ripe for takeover. But if McColl or any banking executive were considering entering the state via a merger with another bank, the choices include just BankAmerica Corp. or Wells Fargo, the state's two remaining huge banking centers. Asher said McColl spoke to analysts on a conference call a few weeks ago and she heard little sense of urgency. But that was before the Citicorp deal changed things considerably. ''The optimal size of the survivor has changed and acquisitions are going to keep going,'' she said. Both NationsBank and First Union are determined to be among the dozen or so survivors of the industry's consolidation -- the companies that will control the nation's banking assets, analysts said. Some analysts note that a mega-merger between two large banks, such as BankAmerica and NationsBank would not necessarily address the need to acquire insurance and investment capability caused by the Citigroup deal. ''But a potential merger that was rejected two years or a year ago has to be revisited now in light of the new playing field caused by the Citigroup deal,'' George Salem, a former banking analyst, said. Industry sources said that BankAmerica and NationsBank have explored a combination before. Analysts said NationsBank's executives told employees in January 1996 that the bank would not be sold to BankAmerica. The executives said the two banks had discussed a merger in the summer of 1995 but that those talks had died. The talks occurred between McColl and former BankAmerica chairman Richard Rosenburg, who is said to have initiated the discussions. Rosenburg retired at the start of 1996 and was replaced by David Coulter.

To: Bo Didley who wrote (7570)	4/13/1998 2:34:00 AM
From: Chris	Read Replies (1) \| Respond to of 42787

hi Bo, welcome to the thread. DBCC looks very promising. let's sit down and talk about it for a minute. pull up a chart as well. i have a weekly buy signal since 3/20/98. it became a STRONG weeekly buy the week after that. switching to daily view, i got a dns scan hit on 3/24/98 it popped above the 200 day ema (roughly at 5.8). this 200 day ema is a very crucial resistance point. as you see, on 3/26/98, it managed to pop above the 200 day ema. I wait for a continuation of that move with a STRONG close. Howver, if you look at 3/27/98, the price action for that day was WEAK. the close was BELOW the open. Subsequently, the next few days were down days and finally a break BELOW the 200 day ema (which becomes support). that was your sell signal. as it fell below the 200 day ema, it found support with the 9 day ema and the lows were touching the 21 day emas. as DBCC regrouped it tried to reattack the 200 day ema (still around 5.8). i also saw that a couple news releases were made as well during that time. but let's put them aside for now since i mainly look at the charts.. on 4/7/98, i got another DNS signal to allow me to reenter the stock after the mild pullback.. assuming you entered, DBCC successfully broke above the 200 day ema again.. 287% abv avg volume!!! with a good strong close where the close was near the high portion of the trading range. as for tomorrow/next week, i want to see continuation of price rally. you have major resistnace 7.0 hope it helps.