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


To: JEB who wrote (154)10/7/1998 3:33:00 PM
From: BDR  Read Replies (2) | Respond to of 268
 
Can anyone here explain what is going on with COF? In the past month it has run up 30 then down thirty with intraday swings of 8-9 points. Today it is down 20+.



To: JEB who wrote (154)10/9/1998 9:11:00 AM
From: NewsTrader  Read Replies (1) | Respond to of 268
 
Another possible reason we can think of, though it may have nothing whatsoever to do with this situation, is to issue stock options to a creditor in exchange for extending the maturity of a note. Options could also be issued to an investor as an incentive to invest in the first place. Just think of the issuance of stock options as a way for a company to compensate someone for doing something in lieu of paying cash.