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

To: Peter V who wrote (150419)	9/25/2008 5:50:53 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

I admire your willingness to roll the dice.

To: Peter V who wrote (150419)	9/25/2008 6:26:20 PM
From: XoFruitCake	Respond to of 306849

"My stink bid hit on the WAMU calls, I changed it from .45 to .50 in the last 10 minutes and somehow it hit, and closed at .57. Now we'll see if they get bought, as I don't think the bailout's gonna do it." heh heh, WM/PR and WM/PK would be the ticket if you want to bet of a buy out.. one is trading at 9% of Par and the other is 6%.. If someone is buying out WM, they are going to par (or at least close to Par) and you are talking a 10x or 16x return with 40+% divy to boot... Good luck..