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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (16844)4/19/1998 3:02:00 PM
From: yard_man  Respond to of 94695
 
>>late in the cycle and
actual most of their earnings come from IPO's, Debenture and M&A fees.<<

Kind of what I thought and why I bought puts on MER when they hit 100 the other day. They are July 90's so I'll probably hold for a while.