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


To: Earlie who wrote (38542)6/7/2000 3:20:00 PM
From: LLCF  Read Replies (1) | Respond to of 42523
 
< Recall how quickly the debt markets locked in the fall of 1998? It was truly incredible. This time around, things could get out of hand much more quickly.>

Yea, that's why I am just keeping an inventory of puts and I'll rip 'em up if I have to. Hopefully I will be able to add periodically and make some good trades, but I'm no willing to miss out on a morning gap down for whatever reason. You never know.

This spring was pretty swift too with the biotech secondary debt market [converts] closing in like 2 days very suddenly. With credit spreads and other telltale signs wagging I'm nervous even though I'm net short!

DAK