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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Pierre Aydin who wrote (2537)9/28/1998 3:35:00 PM
From: gbh  Respond to of 7247
 
Pierre, more pain in the big banks and brokerages is coming. If a rate cut tomorrow can't stimulate these guys, I'd have to say they are going lower.

MER broke big support at 60. Psychological support is obviously at 50, and minor support is at 44. Stock could easily slump to 40.

I'm not sure about trying to catch the falling knife on these guys.

Gary



To: Pierre Aydin who wrote (2537)9/28/1998 3:35:00 PM
From: Tim Luke  Read Replies (2) | Respond to of 7247
 
<what's my feeling about leh?>

depends on what mr. g does, if he lowers 1/2 point LEH could rebound several points tomorrow. if it's 1/4 i would expect more selling......good luck


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