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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (25169)	1/9/2003 1:26:10 PM
From: Claude Cormier	Respond to of 36161

<I started buying longer term puts. My primary targets include the likes of JPM, C, CFC, FNC, FDC, LEN, BZH, CTX, GE, IBM, MMM and EBAY. > I like this idea. My choices are IBM, MMM and EXPE.

To: nspolar who wrote (25169)	1/9/2003 4:54:28 PM
From: russwinter	Read Replies (4) \| Respond to of 36161

<JPM, C, CFC, FNC, FDC, LEN, BZH, CTX, GE, IBM, MMM and EBAY as shorts> This may be about it on the rally, big upticks in interest rates, I think we've entered a bond bear market and that will be brutal. Went straight short the following "dark side plays" (great term, mind if I borrow it?)today: CFC, GS, MER, RDN, DE, MBI. Easily recognizable theme wouldn't you say?

To: nspolar who wrote (25169)	1/10/2003 11:07:13 AM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 36161

nspolar--You must be in seventh heaven today, as the market is really reacting badly to the latest unemployment figures. I like your idea of buying puts on certain vulnerable stocks because puts are like a safe way to obtain a short position without incurring the infinite losses that could occur in a market turnaround. While I also believe that many stocks are vulnerable, I like to make a distinction between companies with good management and those with mediocre or poor management quality, the latter being far more vulnerable. In that perspective, MMM appears to have much better quality management than most Dow components. What's the rationale here--simply that the company stock price was one of only three in the Dow Industrials that went up last year? I'd much prefer EK as a short candidate. EK was the top gainer last year, though its profits came mainly from cost cutting and reductions in staff, not from growth in its varied markets. Art