Replies to post #16560 on Zeev's Turnips Patch-No Politics (ZEEV)

[extelecom]

Zeev, I read your link to Si on Floorless Convertibles and noticed you mentioned Ericy in your post to Bacchus. Ericy Conv. Debentures are coming due in early 2003. After following all the responses to your "Principia Floorlesstica" I saw where you mentioned you had made money in the "end game" of this scenario. At the risk of asking a dumb question, how do you know the share price will recover? Ericy has taken a precipitous fall since the Debenture issue in 1997.

tia

ET

[Bacchus_II]

Zeev, Thank you very much for your lengthy reply. I appreciate.

About AMD, Since 4 years I trade it, not more than 10 to 15 trades in 2000, usualy half a dozen trade per years. Maximum time I've hold the stock was ~12 months. More active in selling PUT or CC after put been exercised up to when CC are themselves exercised. Finally, 25% of my portfolio is stock, the rest is bond or money market. I'm far from being big trader like you and most people here. I'm lurking this tread because 1) I like you attitude towards market and you are generous with your opinions. 2) You and some other posters here are working hard to see market few quarter to few year ahead. It's very enriching.

For NT, well, this position was my Vegas money. Also, it’s difficult for me Canadian, to accept that only CISCO MSFT and INTC will exist in the end. In fact, it's completely unacceptable. But other than that, I've only one hope: NT goes at least up to $1.60 ... <bg>

Gottfried_II