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Politics : Ask Michael Burke
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To: Skeeter Bug who wrote (32207)9/4/1998 12:54:00 PM
From: Knighty Tin  Read Replies (2) of 132070
 
SB, You've got it. All losses are one time. All gains are part of the day to day business of doing business. -g-

I think the bad news continues for CMB and it hasn't crashed nearly as badly as CIT has. The analysts are still picking it for its low pe ratio, failing to note that this figure is now infinite with no E. I would not start a new put program in the stock, but I am continuing to roll down and out on my positions. Of course, some would say I am playing with house money. It is really my money. It just used to be the house's money. -g- But I think there is enough downside left to make a hold of puts worthwhile.

Btw, how come nobody from the Ascend thread comes over here and tell me I was right? -vbg-

MB
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