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

To: nspolar who wrote (25279)	1/10/2003 12:47:15 PM
From: nspolar	Respond to of 36161

Art, I might add that my analysis indicates that it will be a LONG frigging time before the DOW and SPX are back to these levels. You might pay a little premium by going out in time, in most cases, but it should still be money in the bank (i.e. safe). So the premium does not bother me, I want some leverage and I want some sure profits. Of the big banks a lot of folks point the finger at JPM, as falling. I'm not so sure that C is a better bet to tumble here, in particular if S America collapses. Thus going out in time in C seems to make even more sense.

To: nspolar who wrote (25279)	1/10/2003 6:47:05 PM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 36161

>>Some like 3M may also be affected by a weaker dollar.<< That's part of the problem of buying puts on a stock like MMM. MMM has huge foreign sales, but its profits in Euro countries have been depressed because of foreign exchange translation losses. With the Euro having moved up from about $0.87 to $1.05 in barely more than 3 months, companies like MMM, KO, and IBM will find it much easier to generate profits from Euro countries. I'd look at the falling dollar as a positive for companies with substantial business in Euro countries. Art