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

To: TobagoJack who wrote (24856)	11/1/2002 6:55:59 PM
From: LLCF	Read Replies (2) \| Respond to of 74559

Even Grant like NLY down at these levels. DAK

To: TobagoJack who wrote (24856)	11/1/2002 7:03:01 PM
From: energyplay	Read Replies (1) \| Respond to of 74559

Ah ! My misunderstanding. On my screen, it read like shorted NLY (big Url....................... ...) April 17.5 puts and I missed the puts part over on the far right ! My mistake. On this one, I think you have two ways to win - 1) EZ Al cuts rates - NLY's cost of funds drops 2) US consumer Mortgage Refi has slowed dramatically in the past 2 weeks - this takes some of the pressure off Fannie and Freddie - this will cause the credit quality of their paper to improve, pushing up the asset value side of NLY. I think your Gold wager will go well. Japan seem more determined to pump out Yen, and soon the ECB will get on board, as we all float to prosperity on a sea of currency...