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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (54192)9/29/1998 3:08:00 AM
From: Dragon 1  Read Replies (2) | Respond to of 58727
 
Thank you very much for the timely response from which I derive 2 questions:

1. Somebody mentioned some other financial stocks like PVN or COF, one of which has hit almost 52 week high. Why are those immune to the crisis that's unfolding now?

2. Those banks that you have mentioned that are involved deeply with the hedge funds have already declined significantly. If the domino effect takes place in the near future and things do turn out to be that bad, where are you seeing those stocks go? It's hardly imaginable to see them go significantly lower even though the situation may warrant more so. If that's going to happen in that much magnitude, we are not talking about a recession or deflation or stagnation; it will be a systematic paralysis. Can that possibly happen? I am even taken aback at the thought as a bear.

TIA