Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (41957)	11/24/2003 2:35:01 PM
From: TobagoJack	Read Replies (1) of 74559

Hello Pezz, Report: In keeping with tradition, and in managing my NEM hobby as if it is rental real estate property, I shorted: (a) one dollop of NEM January Put strike 42.5 for 1.50/shr (b) one dollop of NEM January Put strike 45 for 2.60/shr ... since I have so many shorted calls that will likely be exercised against me resulting in a lot of my NEMs being called away at 40, 42.5 and maybe even 45. Besides, chasing NEM is probably perfectly safe for a while, seeing how we are in an apparent bull market for stocks in general, and for NEM in particular. The BurnAndKaput guarantee and the Greensputin put may be depended upon, for a short time, to hold up the general paper asset markets, and to gradually pump up NEM as well. Chugs, Jay

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