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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: the_wheel who wrote (18743)	12/6/2002 6:49:10 PM
From: mishedlo	Respond to of 30712

From what I know extremely rich people carry GE GM F short term paper. Will they lose out? They will own the company. Debt is worthless. Bondholders will own UAL. Bondholders will end up owing many on the list I just posted. Their stock is worthless IMO. SHORT term paper may be OK. LT paper is worthless. These companies will not go BK overnight but they will get there. As for puts, play 5-10 point ITM to cut down on premium. Otherwise yes, puts are expensive. For F try the 12.5 or 15 leap puts. Will be mnore like a pure short. Let me know what you think about my list. Cash flow on those, at first glance seems HORRID. M