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Non-Tech : Capital One Financial Corporation (NYSE:COF) -- Ignore unavailable to you. Want to Upgrade?


To: ProfSam who wrote (27)5/24/1999 2:20:00 PM
From: Forrest Coile  Read Replies (1) | Respond to of 62
 
Good question . . . on no news too.

GekkoAndCo (30/Bethesda, MD) on the Yahoo COF board writes:

COF wasn't downgraded, but Suisse Bank landed a crushing blow by downgrading 4 Big Banks to Sell ratings. The earnings are what counts. Earnings growth is the key and COF has got them. Nothing is driving the markets right now and people are all wigged out about Y2K and interest rates. Fact: The FED has turned its bias to tightening rates over 20 times since 1996. They have acted on rates once to tighten since then. Hold this stock, get your 3:1 split, then wait for earning report in summer.

messages.yahoo.com

I would buy if you you have the money, because after every big COF sell-off, it has come right back to surpass its last 52-week high.