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

To: Knighty Tin who wrote (86352)	12/7/2000 11:44:18 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

MB, I have been looking at fannie and freddie and have not bought puts on these yet. They currently are acting like a safety haven for investors. How far out in time would you go on the puts for these two when the stocks look like they are faltering. I have been fortunate on JPM and friends with just going out a month or two and rolling the puts, but investors seem to think our CB's interest rate cuts will be good for freddie and fannie and it may take a while to scare the troops. TIA, Joan

To: Knighty Tin who wrote (86352)	12/8/2000 12:04:57 AM
From: mishedlo	Read Replies (2) \| Respond to of 132070

Michael thanks for that list of banks. I looked up a few of the charts. I am particularly interested in C, MER, AXP because they have leaps, not very expensive cause they are not volitale. C and MER show definate topping action on their charts as well a a known propensity to drop fast (at least once). Any thoughts. I thought financials were "supposed" to be a good bet when interest rates drop. Yet the charts show the same bid-em-up nonsense we see in techs, but more stable. If you are correct then I think leap puts are the way to go. Help Any favorites Also look at the PE of ONE (bank one) totally out of line with these. I can say you are broadening my horizons quite a bit. M Thanks.

To: Knighty Tin who wrote (86352)	12/8/2000 2:27:23 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

so, we all know al greenback is about to begin to lower interest rates 15 minutes before option expiration again. will it work again? if not, why not? intel warns so we could see nas 2500 soon. i expect that will send al greenback into a panic.

To: Knighty Tin who wrote (86352)	12/8/2000 9:47:53 AM
From: Mike M2	Read Replies (4) \| Respond to of 132070

Mike & BGR, good read from Gerard Jackson newaus.com.au ho ho ho Mike

To: Knighty Tin who wrote (86352)	12/8/2000 1:16:59 PM
From: yard_man	Read Replies (1) \| Respond to of 132070

Cap One and Providian?

To: Knighty Tin who wrote (86352)	12/8/2000 1:20:48 PM
From: Dan	Read Replies (1) \| Respond to of 132070

Hi Mike -I need help with FCX-B and FCX. The Freeport preferred pays 1/10 the price of gold in 2005. With the 6% yield I can make 20% if gold stays the same. More if it goes up. I bought this because I think their is a good risk/reward with gold. I like getting paid a dividend while I wait. And, I like my junk bonds to be almost contra-cyclical to the stock market - helps with the total diversification risk. BUT, Owning FCX-B, has a large risk is the political climate in Indonesia. Lately the preferred has dropped in price, while the stock has been stable. I can't understand why? I am trying to hedge against the Indonesian risk. I could short (write puts) on FCX, but if gold rises, I loose out. Also, I loose the help with diversification risk. Not being very liquid the spreads are too wide for an option spread. (also, if I sell puts on FCX and buy ASA calls, I would loose money if gold stays the same) I looked at shorting the Indonesian CEF's. But with a 55% discount, they look like buys. Is their an Indonesian stock, that is a proxy to their market, that I can short... or better yet, get some premium by selling in the money calls? Any ideas? How are you coming with your CEF report? TIA, Dan