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Re: [RT] any view on a contrary wcom trade idea



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Yeah, that is what I did.  Almost a no lose 
situation
 
Clyde
 
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Lee   
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<BLOCKQUOTE 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Ira Tunik 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Tuesday, April 23, 2002 5:15 
  PM
  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 andyou will have a tidy bit of change in your poxket 
  afterwards.  Of course if theydecide 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>>> To 
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