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Shorting the Big Banks (e.g. JPM, BT, CMB, CCI)
An SI Board Since August 1998
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Emcee:  BDR Type:  Unmoderated
At the outset I will acknowledge that my reason for starting this thread is self-serving. I make no pretense of understanding the banking business and its accounting. It is common knowledge that the large banks have significant exposure due to the economic deterioration in several parts of the world. After discussing this subject via PMs with another SI member for a while we realized that neither of us knew much about the business though we both felt that some of these stocks would be good shorts. He suggested I start a thread to discuss the subject and even offered an introductory statement:

"I am a doc and I was put up to this by some mouthy street lawyer and together, our knowledge of the banking business rolled up in a ball looks like a bb rolling down a four lane super highway."

So, help me out. What really is the banking industry's exposure? If it is so obvious, why can't all those smart people earning six and seven figures at the banks work their way out of it? Has the exposure already been factored into the stock price? Which bank stocks make the best shorts? What related financial stocks might we look at for "collateral damage" as various economies tank around the world?

Longs, shorts, fence sitters, anyone with information to impart are all invited to participate. Flamers-please take it somewhere else.
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ReplyMessage PreviewFromRecsPosted
268 Reaction to Mayo's downgrade: cnnfn.comDavid C. Burns-5/25/1999
267 Posting for the thread's info. Does not imply my endorsement. Message 9723David C. Burns-5/24/1999
266 DJ, sometimes an individual stock has a special circumstance which makes it a JEB-5/9/1999
265 <<Dale, I guess you made money by shorting bank long time ago, but I am sBDR-3/14/1999
264 As I mentioned long time ago, it was time to short bank when this thread is credj8000-3/14/1999
263 <<This thread as well as shorters are dying. >> I thought it had dBDR-3/14/1999
262 I just bought some puts today. But that's probably a contrarian bullish iepicure-3/11/1999
261 CMB is 89 now. and This thread as well as shorters are dying. DJdj8000-3/11/1999
260 Banks may be called on to restate/reduce reserves. Benefit to earnings but it wBDR-2/25/1999
259 ;-)...keep up the good fight, my friend! Thanks, JEB JEB-2/20/1999
258 JEB, The gold world is one of shadowy, nuances. EVERYONE is afraid to go agaBill Murphy-2/20/1999
257 What kind of response have you had? JEB-2/20/1999
256 JEb, Just starting. The internet makes this possible. Mind boggling what has hBill Murphy-2/20/1999
255 ;-)'ve done well so far with this war.JEB-2/20/1999
254 Thank you JEB, I am long this and will post it to let you know what we are upBill Murphy-2/20/1999
253 Bill, Heads up to you and all here, the financial sector will be the next markJEB-2/20/1999
252 Midas du Metropole "The Gold Market and Precious Metals Commentary" QBill Murphy-2/19/1999
251 Maverick, interesting. I am going to post my last Midas here. Has to do with thBill Murphy-2/19/1999
250 Prudential Securities cut its rating on CHASE MANHATTAN CORP Thursday to accumuMaverick-2/18/1999
249 Don, I remember that well. This was sent to me at one of my threads here at SIBill Murphy-1/26/1999
248 Bill: ++OT++ You are correct. Very good friend of mine went to ND when I wentDon S.Boller-1/26/1999
247 Don, Yep the "Fighting Irish" have not been up to SPEED lately. TheyBill Murphy-1/26/1999
246 JEB, Yes we are read for battle. Two thousand more in pledges came in lastBill Murphy-1/26/1999
245 "CONTEND WITH THE FIGHTING IRISH".................Heck we beat you guDon S.Boller-1/25/1999
244 Good luck with it. Let me warn you that this will drag out for some time. I hJEB-1/25/1999
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