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Politics : Ask Michael Burke

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To: Joan Osland Graffius who wrote (81589)	6/11/2000 12:26:00 AM
From: TimF	Read Replies (2) of 132070

I have been trying to come up with a long stock to pair with a RMBS short. Do you have any ideas? Some of these characters think this dog is going to do a double top around $400. I guess anything is possible. If these idiots are successful the only safe place is deep out of the money puts. The leap credit spreads are still working...amazing. I think its possible (if unlikely) that RMBS could got to $400, its also possible it could go to $100. It just jumps all over the place. You could try a straddle on it. I got that idea from another poster on SI. I made 30% in a few days, he is still holding on to it. What are leap credit spreads? Tim

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