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

To: Joan Osland Graffius who wrote (88047)	1/7/2001 12:29:15 AM
From: Earlie	Respond to of 132070

Joan: The financial sector is out of my modest area of (supposed) expertise. That said, I would feel almost naked without a bit of exposure to these rounders, particularly given the fact that the "unwinding" process just getting underway is mainly related to liquidating debt. I just look for the guys who are humping the most and worst looking debt. Of course the problem is that they are very good at dressing up their balance sheets. No real reason to favour Fannie over Freddy at this end, other than I prefer to dance with ladies. (g) Best, Earlie

To: Joan Osland Graffius who wrote (88047)	1/7/2001 1:18:31 AM
From: mishedlo	Read Replies (1) \| Respond to of 132070

Joan, the money I made in RIMM puts is now fully invested in Financial PUTs. More than doubled my money in one IRA account in about a month. It was 100% invested in PUTs, but is now 50% PUTs and 50% cash. The other IRA account is all cash. My trading account is also nearly flat at the moment. It feels good to have my IRA account back over water finally. Made a mint last year but lost 100% of it back. I am ahead again. I have C MER JPM PVN(small amt) FNM FRE puts. A nice basket I think. The strike 35 leap puts on MER at 1 or so are also a nice bargain I believe. Hold 50 of them as well. Some of my Financials are underwater from where I bought them. But I am treating that account as a "portfolio". RIMM was quite literally a cash cow. (Thanks Earlie). It funded all my other plays, and I still have more cash than I started with! If Financials start going my way, I will heavily step back into tech puts on the next upswing. WOW that would put me 50% into PUTs (on a combined IRA basis). If financials rally, I might have to pull in a bit. Financials will be my LTSH (Long term short and hold via PUTs) and tech will be used for swing trading. So far my revised MB options strategy is working out nicely. M