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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: im a survivor who wrote (13949)11/10/2000 11:14:38 AM
From: RocketMan  Read Replies (1) of 65232
 
Do you mind me asking what you paid for those calls ?

Way too much :-) I bought them when RMBS was running, and paid as much as $15. But I averaged down in yesterday's sell off and got another batch at around $12. A couple of bucks won't make any difference in the end. They will either be worthless, or will be worth a small fortune.

I would only buy these calls, or RMBS, with the full knowledge that this is a risky play, betting on the markets and the court cases. The court cases more so than then markets. I don't have the faith that V has in either one, so I only have enough that it won't break me if I guess wrong, but if I guess right it will change my life.
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