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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 (67)	9/8/1998 12:11:00 AM
From: C.K. Houston	Read Replies (1) \| Respond to of 268

TOKYO, Sept 8 (Reuters) - Finance Minister Kiichi Miyazawa said on Tuesday that U.S. Fed Chairman Alan Greenspan did not indicate in talks on Friday that a U.S. rate cut was near. But Miyazawa told a regular news conference: ''Until now all the talk was about a rate hike. Now it seems it is no longer that way.'' Miyazawa said there was no discussion in his meeting with Greenspan and U.S. Treasury Secretary Robert Rubin in San Francisco of concerted interest rate cuts, which have been widely rumoured in financial markets. ''There was no such discussion and there was no atmosphere like that either,'' he said. (Note: this article is ''in progress''; there will likely be an update soon.) Message 5689711

To: HiSpeed who wrote (67)	9/8/1998 11:15:00 PM
From: HiSpeed	Read Replies (1) \| Respond to of 268

Looks like just about everything ramped today. Tomorrow, I would assume traders will be looking for a follow through on today's rally if we are to become bullish again. If things collapse late in the day, once again, our favorites on this thread will be shorts again. However, if the market keeps ticking up, many of these beat-up stocks will be great long picks - at least for a trade. I may still be cautious of the ones that have yet to announce how much their earnings have been affected by the meltdown of many overseas markets.