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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (34527)	10/25/1998 12:41:00 PM
From: epicure	Read Replies (1) \| Respond to of 132070

Would you consider wy a good short? I shorted it last week for purely technical reasons (I understand that this is blasphemy- I apologize in advance). However, my brother-in-law tells me there is lots of timber just sitting on docks up in the Pacific Northwest (he is in Washington) because Asia has quit buying. So there is some fa behind their pathetic chart.

To: Knighty Tin who wrote (34527)	10/25/1998 1:21:00 PM
From: Alias Shrugged	Read Replies (1) \| Respond to of 132070

Thanks, Mike. I worded my fixed income question poorly. Excluding Treasuries, who is going to buy the junk, foreign debt and asset-backed stuff? We are at the top of the cycle, no? In other words, who is the greater fool who is going to buy commercial real estate mortgages, credit card receivables, Brazilian debt - given that the banks and brokerages are already stuck with lots of this stuff. Is liquidity returning to any portions of the fixed income market? And where's that grumpy Joe G. guy been lately? <g> Mike

To: Knighty Tin who wrote (34527)	10/25/1998 1:59:00 PM
From: miklosh	Read Replies (1) \| Respond to of 132070

Hi Mike.Hi Z. An option question for a change.<g> I recently bought coms @30. I'm considering writing nov35 calls. If I get called no problem, I've made a quick 20%. If the calls expire worthless, no problem, I like the co right now, so my cost goes down a bit. My question is this: I sell the Nov35's on Nov 1, and 1 week later coms is trading in the 37-40 range and stays in that range for a week, until a market event or bad news causes coms to tumble and subsequently trade under 35 until expiration. What will the likely outcome be(assuming there are no stock dividend or shareholder voting issues in the interim). Is there a possibility that I wouldhave gotten called in the first week in Nov or would I have kept the premium and the shares.IOW if short out of the money calls become in the money(even deep in the money) before expiration but ultimatly trade out of the money at expiration, what if any chance is there that the seller will have gotten called? TIA miklosh