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


To: Broken_Clock who wrote (42447)1/6/1999 9:58:00 PM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
PK, The Desert Your Gray Matter in the Desert Conference is going on right now, which is part of the reason for these goofus prices in stocks of cos. in deep kimshee.

I like the non-money center bank puts right now, as their spreads are clamping down on them like a vice. I am avoiding the money center banks as I believe the Fed gave them advanced notice of the surprise rate cut and they had their trading desks in position to screw more honest traders after the announcement, so they should have one good quarter of eps. Also, most are not near their old highs, and that is where I want to rip their faces off again.

MB