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Hi Ira,
June 5 usd puts cost 1,45 stock is abt 3,90
your thoughts I followe mcit when you wrote a few posts about it last year
when it was around the 12 usd lvl.
Regards
Mark O
-----Original Message-----
From: Ira Tunik [mailto:irat@xxxxxxxxx]
Sent: Mittwoch, 24. April 2002 00:15
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] any view on a contrary wcom trade idea
Why not buy MCIT, the tracking stock and the dividend will pay for the stock
and
you will have a tidy bit of change in your poxket afterwards. Of course if
they
decide to cut the dividend there could be a problem. Are there puts on
MCIT?
Ira.
Judith Gledhill / Mark Oliver wrote:
> Hi List members
>
> am an occasional contributor for the last 3 years
>
> What's the view on a contrary recovery trade WorldCom has been obliterated
> buy the jun 5$ puts for 1,80 buy the stock at 3,45 apart from commissions
> you have a stop loss
> of just 25 cents on notional value. With daily trading ranges of a dollar
> this seems a great counter play with a high chance of making a very decent
> return. If the equity market return to higher part of its range or on any
> semblance of a telecom recovery.
>
> So folks be gentle with the critique I have over 10 years of sitting as a
> prop trader mostly trading currencies and interest rate derivative trades
> but this seems a pretty good trade idea?
> Also I think that periphery equity markets in far east are holding
> exceptionally well like Nordic far east value fund and ishares msci
Japan
> EwJ.Have a look I think that its quite clear in the case of Japan they are
> putting a floor on the Nikkei and trying to engineer this back to the
> 14000-15000 level.
>
> regards
> Mark Oliver
>
>
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