BenThereB4 (98.06)

SNBC, IBNK

April 14, 2008 – Comments (1) | RELATED TICKERS: SNBC , IBNK , SKF

FII and WB are down today on earnings. DSL is down just because its DSL

SNBC and IBNK report after the bell today. I have no positions in either. I went short SASR, which reports 4/22.

I am thinking about shorting SNBC and IBNK this afternoon, but concerned that I waited too long. Opinions?

Tommorow, we have reports from the following financial companies: BOKF, EWBC, FMAR, MTB, RF, STT, USB, and WABC

I am thinking about WABC, FMAR, and STT as shorts.

There are some other big companies reporting tomorrow that represent an interesting cross-section of the economy: CHB, CSX, FRX, INFY, INTC, LLTC

I have no current positions on any of these.

I am long 5000 shares of SKF, but I have covered calls on all of them. Call premiums seem insanely high. 

Cheers. 

Ben