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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sandra who wrote (8614)	9/10/1998 12:25:00 AM
From: Amigo Mike	Read Replies (2) \| Respond to of 29382

Hi Amigos y Amigas, Is anyone looking at banks ???? I was just perusing the banking index and it looks as though a rebound is coming. A good example is Nationsbank ... a classic roller. NB is building a base and volume is rising during the last week. This one looks ready to run about 5-7 points. They should easily be able to leverage the low interest rate environment. The only issue is how conservative the brokerage unit has been lately with foreign investment. Nice action in APCO again. Looks like two 50K blocks during the day. THis marks the second day the small investor has refrained from selling. It looks pretty obvious that institutions are sucking in these cheap shares again. I beleive that there are few shares to be had now. Time for this stock to take the lead again in the small cap sector. I have purchased a nice chunk in the Jan 7.5 calls. I expect to get a minimum double. Amigo Mike