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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: IGIT who wrote (3827)11/25/1998 3:38:00 PM
From: Bill Wexler  Read Replies (1) | Respond to of 4634
 
<<Quick question concerning your BT pick. Did you recommend BT based on valuation or based on takeover rumor ?>>

Only based on valuation. During its long history, this bank had survived far greater calamities than the hiccup in October, I was certain that the stock price would recover. BT has been the subject of takeover speculation for a long time though, so it doesn't surprise me that someone would take this opportunity to pounce on it.