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


To: Broken_Clock who wrote (45027)1/30/1999 2:13:00 PM
From: Earlie  Read Replies (1) | Respond to of 132070
 
PK:
No match ups.

His picks and mine do match up as far as put option candidates go.
The "mortally wounded" are chapter 11 situations. Past examples include Boston Chicken, Zenith, Marvel, etc. The idea here is to stab them in the back, AFTER they have been shot in the chest and head by the debt holders. In a normal market, they wouldn't trade, but hype and hope keeps them from expiring as quickly as would be the case in more normal; times.

Best, Earlie