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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (49451)3/2/1999 12:26:00 PM
From: Warren Van  Read Replies (1) of 132070
 
MB,

I bought some shares of NEM a while back when it was under 17. I am tempted to buy more. I read most of your posts for the great plays. Thanks for MU and CPQ. Then you announced buying a second third of NEM.

Why are you buying more NEM? Also would you explain what and why for the "Leap buy write"?

I wanted to buy more NEM because I thought weaker Dollar and inflation might pop into the picture in the coming months. Interest rates are climbing already. I did sell some puts when NEM was knocking around 17.

Thanks,

Warren
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