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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (50528)	5/4/2006 9:47:57 AM
From: Oblomov	Respond to of 116555

Televangelist couple at center of debt controversy wfaa.com

To: mishedlo who wrote (50528)	5/4/2006 7:25:54 PM
From: Earlie	Read Replies (2) \| Respond to of 116555

Mish: Good comments: Am currently slowly building up puts.... adding to house builders, expanding my techs and eye-balling the mortgage providers. Not in a rush but with premiums so low, it does provide one with significant impetus to fill at least a corner of the closet. For a bit of speculation, I took on some HD Jan 40 puts. Reasons: HD's revenues have been jazzed by - add-on activities of hordes of amateur home renovators - HD is a major supplier to small and medium sized "local contractors".... who have a remarkable track record for walking away from their debts when the going gets tough - HD has been acquiring suppliers to the heavyweight contractors...guys who walk, but do it with sophistication. (g) - all of the above have been provided with plenty of HD credit (buy now pay 6 months from now, etc). Yes, they lay off the risk, but...... - stock price still juicy - "real estate bubble deflating won't hurt us"..... say what? (g) - options cheap - hasn't attracted much negative press so far. Probably no more than a donation to the put writers society of America. (g) Best, Earlie

To: mishedlo who wrote (50528)	5/8/2006 3:56:40 PM
From: Perspective	Read Replies (1) \| Respond to of 116555

Another bird sound - NDAQ+NYX insiders to public: BAIL!, BAIL! ABANDON SHIP! =========== NYSE insider sales - wow did they cash out a bunch! biz.yahoo.com $1.5B sold, no proceeds to company. And when you're that level of insider, you don't even have that pesky lockup period to deal with: The parent of the New York Stock Exchange, NYSE Group Inc. (NYSE:NYX - News), on Thursday announced the pricing of a $1.54 billion offering of 25 million shares at $61.50 each, less than two months after the Big Board went public. Nasdaq just sold some paper, too: yahoo.reuters.com At least that offering was used to pay down debt. Gotta hand it to 'em, good time to exchange those wooden nickels for greenbacks - er, pounds, in this case I suppose. BC