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

To: Knighty Tin who wrote (59634)5/18/1999 6:21:00 PM
From: Broken_Clock  Read Replies (1) | Respond to of 132070
 
Well then, I hate to take the money and just run with a double....but FNM has been like a rock at 66. Perhaps caution is better. Sell out and roll down if FNM collapses past 66. There is a lot of air down there! It is turning out to be work making any kind of money on puts lately. -g-



To: Knighty Tin who wrote (59634)5/19/1999 5:48:00 AM
From: valueminded  Read Replies (2) | Respond to of 132070
 
Mike:

Problem with FNM is although it may still be vulnerable, unless you are a nimble trader, you will lose money buying puts on this stock. It has bounced between 65-75 for the past 3 months now.


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