To Clarify, MI is the Ticker Symbol of Marshall & Ilsley Corp., a company that is in the bank and "trust" business. I sincerely apologize for any confusion; especially if the other company you referred to is not part of their "group". The article that I placed the Comment under clearly showed the company name and ticker symbol of MI STOCK. I stand by my comment about Marshall & Ilsley Corp. (MI), which is apparently headed in the direction of the toilet if not down the tubes altogether. They have leveraged themselves into some extreme risks, including but not limited to the SUB-PRIME LOAN DEBACLE, in which, MI is a LOSS LEADER. Good luck if you own or are holding MI STOCK in hopes of it bouncing upward anytime soon. If OIL prices hold or surge higher upward, which seems very likely, then their rosy Q3 projections in their most recent disclosure are as one particular prominent banker may have called "irrational exuberance", to say the least, and possibly even foolish. In my highly researched informed (unprofessional) opinion of this bank and "trust" company, I frankly don't even see much of a future for them if OIL PRICES don't turn sharply downward immediately, and if they don't start thinking more about serious risks before they continue trying to sit pat upon their prior mistakes, many of which are extremely apparent now. I believe that more major potentially catastrophic mistakes will be disclosed and reported upon in the not-so-distant future, which may seriously bring into question the very credibility of this bank & "trust" company (NYSE: MI) in an industry in which trust is critically important to maintain. Before, I referred to the short-term (July) $15.00 MI PUT, which is clearly and solidly "in the money" right now. Now, I like the very short-term (September and even July) $10.00 MI PUT, as I believe that the MI Stock Rollercoaster has enormous downward spiral potential in even THE NEXT 10 DAYS... Time will tell. In any case, if you own MI Stock and especially if you have been a long-term stock-HOLDER, then I really feel sorry for you and I offer my condolences, as they have fallen from about $50.00 when I first predicted the DownFall A Year Ago, although I had no money at that time thanks to another "trust" company that they apparently had a very strong mutual "urge to merge" with, despite serious documented warnings to reconsider based upon extensively documeted evidences of serious problems, to say the least. I predict A Very Early HALLOWEEN for MI Stock again in 08. The TRUTH in Proper Disclosure can sometimes be suppressed for a while... BUT THE TRUTH has a strange way of surfacing eventually, even when Multi-Billion $$$$$$$$$$$$$$$$$$$$$$ "trust" companies may prefer to suppress certain "things" indefinately if at all possible, by whatever means necessary. Once again, I am extremely Bear-Sternish on MI in the immediate and long term outlooks, for very good reasons, as more dismal news for MI seem likely. If you an unfortunate MI stockHOLDER waiting for a bounce... Good Luck.
$17.0 (06/23/08)
