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Non-Tech : Shorting the Big Banks (e.g. JPM, BT, CMB, CCI) -- Ignore unavailable to you. Want to Upgrade?


To: drsvelte who wrote (21)9/2/1998 12:34:00 PM
From: BDR  Respond to of 268
 
newsday.com

BOGOTA, Colombia (AP) -- Blaming turmoil in world financial markets, the government announced it would devalue the national currency by allowing it to drop 9 percentage points against the dollar.

The central bank's announcement, at midnight Tuesday, was made after the peso had come under increasing pressure because of speculation neighboring Venezuela would pare the value of its currency. Venezuela is Colombia's second-largest trading partner.



To: drsvelte who wrote (21)9/9/1998 10:30:00 AM
From: BDR  Read Replies (1) | Respond to of 268
 
Are you still short COF? It is still up as JPM, CCI etc. head down. Your thoughts?