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  1. M

    You Lucky Bastards: FMD

    Added another 50 May 5 Calls @0.4, in for a penny...
  2. M

    You Lucky Bastards: FMD

    Barring any positive congressional developments it looks like they won't have anything positive to say about the student loan biz on the 23rd and I wouldn't hold my breath for another insurer at this point. I think the best that they will say is that they are looking to morph themselves in to...
  3. M

    You Lucky Bastards: FMD

    Probably a good move EC, I rolled my stock in to the May 5 calls at 0.52 av X 377 so will be sticking with them through the earnings call on the 23rd, trying to get out here with the spread would decimate the position. Given the news today and the Teri news looks like the floor should be about...
  4. M

    You Lucky Bastards: FMD

    Looks like someone heard a whisper about the BOA news.
  5. M

    You Lucky Bastards: FMD

    Felt more like kick in the balls time from my perspective! :)
  6. M

    You Lucky Bastards: FMD

    I would say that the news in the second para is the most relevant to FMD and it is very positive: In Senate testimony Tuesday, Senate Banking Committee Chairman Chris Dodd said he would send a letter to Treasury Secretary Henry Paulson to direct the Federal Financing Bank to purchase...
  7. M

    INTC earnings after the close...

    They did a nice job of running the stops on that one, some poor bastards got stoped ain the 20.40 range before it flipped up above 21.80 now steaming above 22.27 Nice call 22+
  8. M

    covered call

    http://www.thebullandbear.com/articles/2004/0304-spear.html
  9. M

    You Lucky Bastards: FMD

    So why not just increase the limits like they did with housing, isn't that the simplest solution? Because it is you can pretty much count on it not being the one they go with :D
  10. M

    You Lucky Bastards: FMD

    http://www.businessweek.com/ap/financialnews/D90284HO0.htm http://money.cnn.com/news/newsfeeds/articles/djf500/200804151156DOWJONESDJONLINE000536_FORTUNE5.htm
  11. M

    You Lucky Bastards: FMD

    Added 277 May 5 calls today.
  12. M

    should I rent my house out

    Sell it to the bank, everyone is doing it these days :D Seriously though, you can help your tax situation substantially with rental properties. Just get an iron clad lease from an attorney (should not cost more than $300), get advice from your accountant on what you can do to maximize the...
  13. M

    You Lucky Bastards: FMD

    I could be wrong but I think part of the reason why the selling has been overdone and price action has given a worse picture of FMDs prospects than is warranted is because a lot of shares were held by mid and large cap funds. These types pf holders will have had to divest now that FMD is...
  14. M

    You Lucky Bastards: FMD

    Have some patience for goodness sakes, all the catalysts that will restore value to FMD are things that will take some time to put together, measured in weekly not 3 minute charts :) I had an order in to buy another 10K at 3.50 and would have ponied up the extra 3-4c to get a fill but was...
  15. M

    It’s 2008. The U.S. Has Dragged the World into a Depression.

    http://www.youtube.com/watch?v=OS2fI2p9iVs $175K debt for every American (not including any personal debt) Need to invest $58 trillion now(2004) to cover future liabilities http://www.youtube.com/watch?v=I-16u9x3tfE David M. Walker (former) Comptroller General of the United States...
  16. M

    Lose vs. Loose

    That is classic, thanks :D
  17. M

    For my Christians Friends

    Quite possibly one of the most naive posts I have ever encountered on ET, and that must be some kind of record :D
  18. M

    For my Christians Friends

    Enlightening post, thanks.
  19. M

    It’s 2008. The U.S. Has Dragged the World into a Depression.

    Traffic is a funny answer :) usually when people don't like the traffic they move closer to where they want to work and play not thousands of miles further away :D Americans don't have a monopoly on debt and over consumption www.nytimes.com/2008/03/22/business/worldbusiness/22debt.html
  20. M

    For my Christians Friends

    Never try to teach a pig to sing. It wastes your time and it annoys the pig. – Mark Twain http://en.wikipedia.org/wiki/Delusional_disorder
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