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

To: BDR who wrote (202)	12/12/1998 11:02:00 AM
From: sandbag	Read Replies (1) \| Respond to of 268

Dale, Thanks for the article. I think BT will probably still hold up well as long as the offer is still on the table, in spite of any warnings. Any thoughts as to the rest of the banking sector taking a hit over the next 1-2 months just from a couple of banks warning of charges. Currently have CMB Dec puts and FTU Jan puts. CMB appears to have broken through it's support at 62 and heading to at least 55. If FTU closes below 60, I think it's next stop is mid 50's. I am also surprised at Citigroups run up after it's recent bad press on the money laundering item. Although that may change if it warns, as the article mentions it may.