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Ive got some theories on trading banks Ro7b that id like to run by you during HC3 , im sure they will be of interest to you . You are breaking one of my rules but it may work out ok for you as long as you are patient . hopefully it doesnt run your stops before it turns over . the one thing in your favour here that may be the exception to the rule is that WBC is already trading at a 2010 PER of 14 before the interim which is historically high . on the other side of the coin WBC earnings projections beyong 2010 indicate growth higher than the historical median . i realise you are not heavily into fundemantals but banks are highly driven by them . the rule im talking about is shorting banks 2 months before reporting and exdiv . historically its not a very successful tactic . hope im wrong this time

cheers bris