AI
Sunday, November 04, 2007 5:13:04 PM
Barclays PLC (BCS) falls as S&P MarketScope Europe is reporting that traders have noted speculation that BCS is planning to approach the Bank of England for emergency funding. Also, there is talk that the company is guiding down on numbers. A company spokesperson refused to comment on the speculation. The Bank of England has reportedly said that it had not made any emergency loans available on Thursday.
Merrill Lynch (MER) falls after the Wall Street Journal reports that Merrill engaged in deals with hedge funds that may have been designed to delay recognition of losses from mortgage securities. The SEC is likely to investigate. S&P downgrades to hold from buy.
#MSG-23191617 (No Options available)
MER Dec 2007 50.0000 put (MERXJ) #MSG-21041523
GS Dec 2007 200.0000 put (GPYXT) #MSG-21041675
Merrill Lynch (MER) falls after the Wall Street Journal reports that Merrill engaged in deals with hedge funds that may have been designed to delay recognition of losses from mortgage securities. The SEC is likely to investigate. S&P downgrades to hold from buy.
#MSG-23191617 (No Options available)
MER Dec 2007 50.0000 put (MERXJ) #MSG-21041523
GS Dec 2007 200.0000 put (GPYXT) #MSG-21041675
Trade Smarter with Thousands
Leverage decades of market experience shared openly.
