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

To: yard_man who wrote (88198)	1/10/2001 9:45:31 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Tip, I will buy many more calls, and even long stocks, at the true panic low. But the ones I'm buying now are for the quadruple bounce, not the 1000%+ moves of a true panic. Heck, I've gotta do something while I wait, and we always have bounces before the next cascade down. I like the big brokerage firms, especially the institutional ones, on the put side. The regionals can be fun, as were First Onion and Bancone a year or so ago. I think there is plenty of downside there, but they tend not to be thrown away as easily as the money centers. I would say a mix of two money centers for each regional would fit fine. And don't forget the insurance scamsters, especially those in the financial area, MBIA and AMBAC.