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

To: Tommaso who wrote (53070)	3/23/1999 10:33:00 AM
From: Knighty Tin	Respond to of 132070

T, That's the way my bar makes the house whisky. Derivatives can get to be like counting angels dancing on the heads of pins. I remember the kaputs from the mid 1980s. They were calls on puts. Seriously. Didn't really catch on. The put warrants have some logical connection for me. With a straight warrant, you are buying a long term call on a co. Why not warrants with a put? But straight warrants were sold to the public, for the most part, and as sweeteners to buy bonds. I don't know who is buying the put warrants (hope it isn't top mgt. <g>) and they certainly do not trade publicly. In fact, they were a dirty little secret until Earlie started getting nosy and told his friend, Gretchen, about it. <g>