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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (23748)	4/6/2000 4:23:00 PM
From: pater tenebrarum	Respond to of 42523

that is correct. apart from which i feel the brokers are extremely generously valued at the moment. what actually got me to push the buy button on LEH puts was the news about the revival of LTCM. when the LTCM crisis was in full swing, LEH was one of those rumored to be close to insolvency...it's an extremely vulnerable stock in any sort of crisis. to revive LTCM at this time, and close down Tiger, that really means one can feel reasonably safe in true value and should stay away from risk. LEH is risk.