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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (9055)	3/1/2004 1:51:45 PM
From: mishedlo	Respond to of 110194

If the FED will hike by 0.25% the ECB will stay putIMHO Unless Europe is about ready to slip into a recession. They would get far more milage out of cutting now rather than when the Euro is at 1.35 and they do it out of desperation. But I agree, no cut for now. I sold some calls for a profit and rolled them out further and at a lower strike. My price point is such that as long as a hike does not happen, I win. They were damn expensive though, that far out. DEC 2005 97.25's for 33 points. If they cut 1/4 my target is 98.20 and if they cut 1/2 my target is 98.45 No cut, my target is 97.95. 33+25=58. BE point is 97.58. 98.92-.58 = .34. Thus I think these can double even IF there are no cuts and could go up 250% if there are a couple of cuts.