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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (24578)	3/11/1999 12:23:00 PM
From: yard_man	Respond to of 86076

what about INTC -- still considerably down from it's all-time high ... did you expect it to go straight down?

To: MythMan who wrote (24578)	3/11/1999 4:06:00 PM
From: Lucretius	Respond to of 86076

it closed up by the end of the day, don't you cry. DOW 10,000 is calling and will not be denied.. -s- Bizarro wanted this posted cause he loves bank shares and Creamer: What I'm Banking On By James J. Cramer 3/10/99 11:02 AM ET The French have got it right. Overnight they have consolidated their banking industry with this shocking takeover announcement. All I can say is it would not shock me if we woke up some day in the next few weeks and saw the same kind of action in our bank market. Why? 1.Technology makes banking cheaper and causes banks to raise numbers. 2.The Fed has given the green light to the bond market to do nothing, meaning you won't be roiled by bonds. 3.The underwriting market is quite strong, and many of these banks have exposure to the equity market. 4.All of the previous takeovers have now been put behind us, allowing banks to begin to bid up their own stocks by buying back shares aggressively. So it might be the right time for rival banks to strike before prices get too high. 5.Most of the large banks are already Y2K-compliant, so nothing has to be done if you merge. 6.Now that the Japanese are retrenching, the margins will get better for the basic loan business. 7.The leveraged buyout business, with its lucrative high-margin loans, is making a comeback, as highlighted by this Allied Waste (AW:NYSE)-Browning Ferris (BFI:NYSE) deal. I even priced out the BKX calls, the bank-stock index that trades most actively, to see if I could embrace the whole industry, but the premium is too high. What do I mean by that? I wanted to buy the March 850 calls with the index at 869, but they were priced at 29, 10 bucks over, which is way too much for me. (Over means, over what would be parity with the index.)