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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: saveslivesbyday who wrote (113152)	3/27/2008 7:17:02 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

LOL, I think the BSC CEO used precisely the same phrase.....

To: saveslivesbyday who wrote (113152)	3/27/2008 8:13:00 PM
From: Peter V	Respond to of 306849

Interesting how the LEH calls more expensive then the puts were just 9 days ago, when the financials recovered and I was the only dipstick buying puts. Nine days ago I paid $6 for July 40 puts when the stock was $45, for a total spread of $11. Today, with the stock at 38.70, the July 45 calls are about 5.70 (5.5 x 5.7), for a total spread of $12. I was thinking about buying some cheap calls as insurance in case LEH recovers somehow, but they are too frickin' expensive still. I guess somebody still believes LEH has value.

To: saveslivesbyday who wrote (113152)	3/27/2008 9:45:28 PM
From: patron_anejo_por_favor	Read Replies (4) \| Respond to of 306849

Meredith Whitney on crapvision today (Hint: You'll like it a lot): cnbc.com Maria: You've cut estimates 30 times since November?! ROTFL The Street estimate for MER is -.03, Meredith's estimate is -3.00, HO HO HO! She also expects C to totally eliminate their dividend. "Even the financials I like, I don't like"....