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

To: valueminded who wrote (82231)	7/11/2000 6:19:51 PM
From: Knighty Tin	Respond to of 132070

Chris, A recent example of a credit spread I've done for myself but not the partnership account (I don't talk about their trades, and they get most of the good ones with Leaps) is short Vitria (vitr) Feb 65 puts and long Feb 45s. I prefer to use Leaps, but Vitria doesn't have any. This is bullish credit spread with a credit of about $8 and risk of $12. As Vitria common heads north, I will be tempted to put on a bearish credit spread to take all of the risk out of the position. The numbers really work much better for Leaps, but I can't talk about the ones I've done. I think that Dell may be the big surprise, as business there sucks and they just gave up on their internet pc. Also, Dell has been using only Intel mpcs and they are no longer state of the art for pcs, and overpriced to boot. The stock has returned to where it was when the company was still growing rapidly, which means that the bulls on this dog will never learn. But this summer cycle may finally break the Dell "mystique." These guys have break downs of CEFs by category: site-by-site.com I don't like Blackrock Income for two reasons: they use leverage and expenses are sky high. I don't know PAI at all.