Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: $Bill who wrote (81321)	5/31/2000 11:13:00 AM
From: Joan Osland Graffius	Respond to of 132070

$Bill, I am not a bear, just like to buy equities below fair value. <g> Where to put cash is another problem. I have some T-Bills, world government debt, US government money market funds, A teeny bit of investment grade US corporate bonds. You get the picture - real conservative. I am making my money on leap credit spreads these days. Joan

To: $Bill who wrote (81321)	5/31/2000 11:20:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

BuckBill, I am not mostly out of equities, though I am mostly into options. However, I hold cash to collateralize these holdings. My cash is generally in money funds that are either 100% T-Bills or government money funds that actually take delivery of collateral. The latter is very important. If it ever gets to be crunch time, it is important that you have the T-Bond collateral in your own vault when the big bank says, "heh, heh, can't pay back what you loaned us due to losses on derivatives and margin loans to idiots." Many supposedly govt. money funds do not take delivery on overnight repos. They make a couple of extra basis points in interest, but if the fit hits the shan, they'd better hope their lawyers are good and fast.

To: $Bill who wrote (81321)	5/31/2000 5:10:00 PM
From: Yogizuna	Respond to of 132070

I'm into mostly beaten down stocks now, which are protected by about one half the amount of puts I had as insurance..... Just could not help taking profits on some of that put "insurance" late last week. If my infamous index can make it up to the zero line and stall out, I will probably by more puts, and if by some miracle the market can manage to make it all the way up to the maximum overbought level, I will add even more puts, and take profits in stocks where I can. It has been a very rough market lately, so I'm easily satisfied with making a few bucks here and there..... Yogi