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To: James F. Hopkins who wrote (199291)	10/22/2002 2:29:47 PM
From: orkrious	Read Replies (2) \| Respond to of 436258

NCEN is a work of art when they pull bids.

To: James F. Hopkins who wrote (199291)	10/22/2002 2:33:59 PM
From: jtech	Read Replies (1) \| Respond to of 436258

Hi,I thought I was the only one selling calls as quickly as I could after I bought the stock.I find it works very well during dividend dates.The calls seem to discount the dividend.

To: James F. Hopkins who wrote (199291)	10/22/2002 3:17:39 PM
From: stan_hughes	Read Replies (2) \| Respond to of 436258

That should soon lead to the ultimate 'no money down' program -- none up front, none at closing, and no loan to ever pay back either -- here, just take title to the property and get it off our hands, it's free. Too bad it also puts a bit of a dent in the land transfer tax revenues at the same time. Talk about a no win circumstance for the taxing authority. As a process, Moodys et al will soon be forced to accelerate the downgrading of state and other lower government level debt, as these pension shortfall and tax revenue problems begin to undeniably manifest themselves in their accounts. That in turn will result in state budgets looking even worse because of each state's lower-quality borrower status and associated higher borrowing costs. That will play out even if the interest rate complex stays static, which it likely won't. At best, Greenie can try to manage the coming liquidity crunch, but he can't make it not happen at all. Governments will be one of the more obvious victims of the reversal of interest rate trends as the rate decline cycle that began in the late Carter days ends, here in our time. The subsequent scramble for survival to stay liquid in the changed face of now rising interest rates will also become a heated competition with the private sector, although at least governments can in theory raise their revenues at will -- companies sure won't be able to do that, and the more that governments bite into what's left of JSP's stash to cover their butts, the less JSP will have to buy those company's products, i.e. the entire 80s-90s process slams into high reverse. I can't believe that there are people out there looking at a few weeks of rally as a sign of permanent resolution of these matters while ignoring the huge and very messy macro picture that's still on the wall. Post-bubble groupthink denial is an amazingly strong force