Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (71230)	3/31/2009 8:20:09 PM
From: carranza2	1 Recommendation Read Replies (1) of 74559

Mq, given the recent action in CDS spreads on financials as documented by Simon Johnson, the impending nationalization of banks and the general financial malaise, I have taken a more than token but not quite a Tonka position this evening in FAZ at 22.16. Unfortunately, like any addict, I need better dope. Thus SKF is not risky enough for my taste anymore. I am hunting big game now with FAZ, which is designed to deliver 3x the profits whereas SKF is a measly and picayune 2x. Zim the Magnificent best beware, I am going to pick his bones.

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