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To: Win-Lose-Draw who wrote (187102)8/11/2002 9:41:50 PM
From: reaper  Read Replies (2) | Respond to of 436258
 
well, let's see

(i) sub-prime
(ii) real estate
(iii) adjustable rate mortgages (ARMS)

what's not to like?

it was nice of them to keep this one up for me so i can redeploy all of my old MXT capital. my re-short of MXT of a couple weeks ago at $4 1/4 is looking OK, but i'll likely clear again to add to other juicy sub-prime chit.

The reason not to buy puts is why bother giving up time premium, and why unduly leverage yourself? The way to beat leveraged speculative trash like the sub-primes is to stay LIQUID yourself; if your balance sheet is better than theirs then you can wait them out.

Cheers