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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (66853)8/27/1999 11:15:00 AM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
PC, I don't trust the banks, but I have faith in govt. insurance. So, I just have to keep each account under the insurance limit. Which is tough when you are as good an investor as I am.

MU is worth $6 a share as a business, if that. But as a trading sardine, retards set the price every day. It is the gift that keeps on giving, as there is no business foundation for this move. As long as you use 90/10 for put buying, this is the surest of sure things.

BTW, thank you for calling a PC day yesterday and allowing me to get a 150%er on QQQ puts.



To: PaperChase who wrote (66853)8/27/1999 11:45:00 AM
From: Mike M2  Respond to of 132070
 
PC, would you not agree that the rate of credit expansion cannot continue indefinitely? The lenders do seem to be persuing a policy of make the loan at any cost but easy credit comes at the expense of loan quality . At some point defaults and deliquencies will rise enough to check the credit expansion or the debtors may feel so over extended that they no longer wish to take on new debt. Mike


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