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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (3728)8/11/1998 5:48:00 PM
From: yard_man  Read Replies (1) | Respond to of 86076
 
You're just trying to make me feel good again. <g>

If I thought we weren't going to encounter further weakness, I would have sold the puts today. Here take a look at this:

quote.yahoo.com^BKX&d=2ym

Well through the 200 dma, just like the transports. I think there's more to come. This is just an early indication of where they are headed.



To: MythMan who wrote (3728)8/11/1998 7:01:00 PM
From: Greg Jung  Respond to of 86076
 
Banks: I heard it suggested that they have been caught
holding fixed-rate mortgages (that are being refinanced).
Besides the rampant speculation and over-paying for
acquisition targets and the likelyhood that executive greed
will sack the assets, to say nothing of the possible currency shenanigans brewing and sweetheart loan deals,
is this (fixed-rate mortgages) a significant feature of the downturn in sentiment towards the financials?

Greg


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