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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (6295)	10/25/2018 12:40:59 PM
From: robert b furman	Read Replies (1) \| Respond to of 26868

Hi Kirk, I saw Lakshman on Bloomberg yesterday. He was talking cyclical downturn not recession - but on a global basis. It appears equities have already embraced his position. I'm feeling good about turning my CY into KMI earlier this year. Cy has gone from 18.87 to 11.75. 11.12 is the 61% retrace of the long term run from the low of 8.30 (2 /08/16) to the high of 18.87 (3/12/18). Pretty fast price destruction for a 2 year long run. CY has since become profitable and pared their losing operations - one of those babies getting thrown out with the bathwater I think. Depending on how cheap it gets , their 44 cent dividend pays out 4-5 percent. I sold some January 2020 $10.00 puts for $1.15 that will yield 5% IF PUT TO ME. In between the premium for 15 months = 10.4% for the 15 month time commitment. Hoping to reestablish the position. Bob