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Union Planters Corp. (UPC) Message Board

  • sebanks sebanks Aug 31, 1998 9:11 PM Flag

    compare

    RGBK(-24%)
    SOTR(-29%)
    TRMK(-33%)
    FTEN(-34%)
    FAM (-35%)
    UPC (-41%)
    see message #554

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    • UPC has been dropping all year and many on this
      board, including myself are pretty much in agreement
      that they have bottomed already in the low 40's. I
      don't believe there is much down side left in this
      stock, but unbelievable upside potential. I don't
      believe I would sell UPC now. If you are heavy in the
      financial sector I would venture to say you have probably
      been taking a beating the last few weeks as most have.
      I don't know what other stocks you have in this
      sector but to date, UPC has been one of the hardest hit,
      that is why I say the downside is minimal. I
      personally would not lighten the load on this move up,
      that's just my opinion. You should probably talk to your
      broker if you have one, or someone who's opinion you
      value when it comes to stocks and the market in
      general. Regards, Ken

      BTW: Which merger brings you
      to UPC?

    • Via a merger, I have ended up with a sizable
      number of UPC shares. I am rather heavy in financial
      services stocks and think I should diversify some. Should
      I hold UPC or lighten my load on the recent move
      up?

    • Good post. Reuters just announced spin off of ONE/FCN merger, total of 51 branches. Regards, Ken

    • Harry, I agree with the numbers in your post. And
      I to would much rather see the market ease up/down
      rather then bounce a few hundred points a day. Always
      seems like we loose on the downturn much more then we
      gain on the upswing.

      The markets across the
      pond went ballistic Monday, and last I looked, Japan
      was up another 2.5%. From what I've seen a lot of
      pension buying over there with no change in their
      market's fundementals (according to one analyst/report).
      On all the boards I've visited today everyone is
      looking for a big day tomorrow, could happen. I think the
      shift now will turn to the US economy. We have just
      about run out of other markets to point a finger at for
      our volatility.

      I believe a lot of big names
      will not make their earnings projections this quarter,
      and have already seen some downward adjustments in a
      few. Greenspan hinted last week the next move by the
      Fed would be down on rates, have to believe this will
      help UPC tremendously, along with other bank stocks. I
      believe they meet next on 29 Sep.

      Hope you and
      yours enjoyed your reunion. Regards, Ken

    • Cohen: I suspect that her analysis of the
      fundamentals is sound, she's a sharp lady. As for 9300 by year
      end, it is certainly possible, but I hope not! That
      would be too far, too fast, and would only exacerbate
      the unrealistic return expectations created over the
      past few years. I would much prefer to end the year
      with negative returns perhaps around Dow 75-7800. A
      dose of reality would do many alot of good.


      That being said, it won't happen!

      And yes,
      there is alot of turmoil aroung the globe, but remember
      that market bottoms are not made on good news, they
      tend to be made in the midst of bad news.

      But I
      do expect plenty of volatility over the next few
      months, and wouldn't be surprised to see a near term
      re-visitation of 74-7500 followed by a rally into earnings
      season, followed by another drop and then more gyrations
      through year end. Unless the technicals deteriorate
      further, I suspect that 7400 intraday last Tuesday was
      very near the low.

      Natchez: Family property in
      between Natchez and Fayette, and family reunion in
      Jackson.

    • Harry, what do you think of Ms Cohen's forecast?
      Is that possible with all the turmoil around the
      globe at this time. I'm sure this nice lady knows a
      hell of a lot more about the market then I do, but I
      still think the market is going to head down somemore,
      or hang around present level. BTW, what ya doing in
      Natchez?

      Mac, I agree with your post. Also feel LU would be a
      good buy, good luck with it.

      Underground, don't
      think that will work, lol. You see I tried the same
      thing, with the same results. Just got back with wife
      from the coast, I made my usual contribution to the
      casino and she won as always. Have to figure out what
      she is doing (maybe talking sweet to the machines).
      You guys have a great weekend, Regards, Ken

    • UPC appears to be purchasing the spin off from ONE and FCN. Indy and other markets will be purchased by UPC according to the newspaper in Indy. Indiana headquarters will be in Indy.

    • Good post my friend. Japan was up I believe 1.3%
      Monday, and Russia was up, but on 11 Mil vol, almost non
      existent market really. I had a feeling if it dropped
      below 7900 it would fall like a rock, just a lucky
      guess, lord knows I haven't always been right. I think
      we are almost at the bottom RED, and I feel the same
      about UPC, but I still think the DOW will fall further,
      how far I don't know. I posted 7400/7500, we are
      there already, maybe as low as 7300. I agree with you,
      and partially with Sharp, that now is a good time to
      buy, but why take such a risk when you can wait a few
      days to see exactly what the market will do? As you
      say, good time, but would wait a little longer, hell,
      UPC is not going to get back 41% in a few days. My
      opinion, will take more then a year if market stabilizes.
      Regards, Ken

    • I agree with SharpandWise....time to back up the
      truck and buy..buy..buy the most oversold bank you
      listed. NO! I'd still rather have the stock than the CDs.
      I think this too shall pass and we will soon be
      moving in on the 80s.

      • 3 Replies to tho9133
      • Are you president of the local optimist club, if you mean $80 per share, you must be.

      • Let's see, Sharp has been advocating BUY, BUY,
        BUY, since post 476 when the stock was 61, nothing
        against you Sharp, but anyone doing so would be losing
        some what, 33% of their investment in less then a
        month. And as far as the truck, you should have a lot of
        room in it, considering if you had an initial 10,000
        investment you have only 6,000 left, so back it up and BUY.
        I would suggest you wait for the storm to clear.
        Japan is tanking early again and nothing has changed to
        make the market reverse direction. What all bank
        stocks need now, according to just about every analyst,
        to include the overall market, is an interest rate
        cut, they are screaming for it. The Fed meets on 29
        Sep, earlier if current situation gets worse. They
        will in all likelyhood have no choice but to take some
        measure to stop the bleeding, i.e, drop rates. We should
        be close to the bottom, but you never know. Sorry if
        this posted more then once. Regards, Ken

      • Let's see, Sharp has been advocating BUY, BUY,
        BUY, since post 476 when the stock was 61, nothing
        against you Sharp, but anyone doing so would be losing
        some what, 33% of their investment in less then a
        month. And as far as the truck, you should have a lot of
        room in it, considering if you had an initial 10,000
        investment you have only 6,000 left, so back it up and BUY.
        I would suggest you wait for the storm to clear.
        Japan is tanking early again and nothing has changed to
        make the market reverse direction. What all bank
        stocks need now, according to just about every analyst,
        to include the overall market, is an interest rate
        cut, they are screaming for it. The Fed meets on 29
        Sep, earlier if current situation gets worse. They
        will in all likelyhood have no choice but to take some
        measure to stop the bleeding, i.e, drop rates. We should
        be close to the bottom, but you never know. Regards,
        Ken