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To: TobagoJack who wrote (11967)12/19/2001 8:20:40 PM
From: Moominoid  Read Replies (1) | Respond to of 74559
 
Have a great trip Jay! News Corp puts and calls expiring worthless today... Calls fund the interest on my margin loan.. puts some actual spending money. Just bought some more Mayne Nickless. Stock sold down when they announced yesterday that Peter Smedley would step down as CEO according to plan in Sep 02 and become chairman (not previously known). Doesn't seem a rational reaction to me, stock looks cheap.

Will write February put contracts tomorrow on News I think. Skipping January - safer when I'm travelling.

Hotting up here: 34C (94F) today. At least I should have a gentle introduction to Winter when I go to the US starting in Atlanta, 2 Jan.

David