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Drexion2004

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Drexion2004

Re: GorillaGorilla post# 8827

Sunday, 11/01/2009 5:34:12 PM

Sunday, November 01, 2009 5:34:12 PM

Post# of 94785
I'm just a happy camper.

My CIT trade is finally over! Hurray! Now I have tons of money to put back into China stocks.

My CIT position was: Tons of $1 Nov puts, I sold a good chunk of $1 calls, I own a ton of the 6.1% junior subordinate debt at avg cost of 8% of par...Estimated bond recovery in prepack is 15%.

Gotta love it when a trade works out!

-Fernando
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