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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: The Perfect Hedge who wrote (41396)12/29/1998 11:29:00 PM
From: Knighty Tin  Read Replies (2) | Respond to of 132070
 
B, Let's put it in perpective. Schwab will have revenues of less than $3 billion this year. Merrill Lynch will have revenues of more than $36 billion. Schwab is capitalized in the market the same as Merrill Lynch. I am not a Merrill fan by any means, and Mer puts were one of my best plays this year. But, they are certainly a more valuable franchise than Schwab. By a lot. And Mer is overpriced.

MB



To: The Perfect Hedge who wrote (41396)12/30/1998 5:27:00 AM
From: accountclosed  Read Replies (1) | Respond to of 132070
 
Dec 29 59 7/16 -4 3/16 -6.58% 63 5/8 58 1/4 4,078,100
Dec 28 63 5/8 +3 1/4 +5.38% 68 1/2 60 7/8 3,372,800
Dec 24 60 3/8 +2 9/16 +4.43% 60 13/16 56 3/8 1,190,300
Dec 23 57 13/16 +2 3/8 +4.28% 58 7/16 55 1/8 3,087,300
Dec 22 55 7/16 +3 3/4 +7.26% 55 15/16 51 3,217,900

Beebs, that is the last five days of sch. I hardly think it is acting normal or that it is weak. It has rocketed up for like 10 days with multi-dollar gains each day.

I do hope that saner valuations prevail, but I hesitate to call a one day reversal "acting normal".