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To: PerryA who wrote (117846)8/21/2001 5:36:00 PM
From: patron_anejo_por_favor  Respond to of 436258
 
Naked calls on ACF?!!! Niiiice going!<VBG>

SLM is a bit of a horse of a different color, due to the implied Federal guarantee of their loans. Still it's a bloated porker to be sure...9.4X book?

I'd wait for some sign that they're rolling over on the chart first, might be easier to whack some credit card trash (HI, KRB, COF, take your pick) in the meantime.

Disclosure: I'm SHORT shares of COF.