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

To: HiSpeed who wrote (49)	9/5/1998 10:59:00 PM
From: HiSpeed	Respond to of 268

Off topic: another short candidate may be C. GM & F have already tanked but C hasn't yet (when GM broke the 66 support level, that was an easy short call). Personally, I'd much rather be long C than short, but if we're in a bear market, this puppy's gotta give it up, too ;-)

To: HiSpeed who wrote (49)	9/6/1998 2:49:00 AM
From: Michael Berkel	Read Replies (1) \| Respond to of 268

Thankx for the listing. But do you know Friday's closing prices for the September call&put options and their strikes? Your help is appreciated. Michael B.

To: HiSpeed who wrote (49)	9/6/1998 4:55:00 PM
From: HiSpeed	Read Replies (4) \| Respond to of 268

I have been a strong advocate of shorting the banks and brokers. If we open strong Tuesday, these could really take off and I'd probably cover any that I were still short. My reasoning why I think the market could ramp Tuesday is the Fed blinked! They are considering easing interest rates. That, alone, should be good for a couple hundred point rally. And when banks can get funds at better rates, people may reason their outlook may no longer be so grim. Anyone still short may want to put a stop in place just in case these puppy's ramp.