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

To: Moominoid who wrote (220)	12/18/1998 11:06:00 PM
From: dj8000	Respond to of 268

CMB is a great company and it's great for a reason. they had problem last quater, but that's because of russia and how often that kind of thing happen? besides, when it was at 60, the P/E w.r.t next year earning below 15, and it had growth rate >10%. even if they miss the earning for a few penny, how much lower can it go? P/E is a very psycho thing, if investor confident about a company, it coule be very high. in short, i don't think from risk/reward point of view, it worth short CMB (especially at 60 level). DJ