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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (9135)	9/14/2001 11:14:03 PM
From: Moominoid	Respond to of 74559

Well I heard they pumped in 190 Billion USD collectively so far and the NYSE is talking about restrictions on short-selling and reducing restrictions on companies buying back their shares. Yesterday my PhD student and fellow speculator/investor told me she was thinking of cashing out her mutual funds. I told her I was meeting a margin call (on naked puts I wrote on Tuesday Australian time on News Corporation - only 1 contract). I think she got the message. I don't have any cash to buy in the US and have a market neutral posiition - long (Safeway) and short (Krispy Kreme Donuts). Here I still have some margin to play with but didn't buy - holding all positions as before the disaster seemed the cautious thing to me. I thought about buying actual News Corp stock but any reasonable amount would put me just above my margin buffer which is only 5% here. I am using 92% of my possible loan and including the buffer 85%. I'm down maybe 6% of my NAV since the start of this. But if you are much less leveraged then you may get the chance of (next six months?) to make a buy at the bottom. David