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

To: Knighty Tin who wrote (59872)	5/19/1999 9:15:00 PM
From: IceShark	Read Replies (1) \| Respond to of 132070

My favorite is the trader at a top flight insurance co. who bought 1000 shares of stock and "covered" it by selling 1000 calls. He, he he. McMillan tells a story about a guy that owned 1,500 shares of UAL at the time the buyout deal was whipping around. He called his broker in the morning and told him to buy 1,500 put contracts at market. That was mistake 1 and 2. The broker was shocked but this was a big investor so he didn't question it and put in the order. Mistake 3. They were filled for 12 bucks per. By the time the guy got his confirm notice and could see what he had done the contracts were at a couple bucks. Gulp! Goodbye 1.5 mill. -g-

To: Knighty Tin who wrote (59872)	5/20/1999 11:09:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

To All, Another record trade deficit. This one makes Sammy and Mark look like pikers. After all, they struck out a lot in addition to all the homeruns. But the trade deficit just roars along far ahead of the predictions of all the goofs who predict. prodigy-news.excite.com Of course, this is a good thing as we are borrowing money and going deeper into debt to buy crap from other countries. Why is that good? I haven't figured that part out yet, but I'm sure the Abby Jos and other bull market apologists will figure out a reason. <g>