Dykstra: Sticking With 3M Options

With investors and analysts betting on a Fed rate cut, the next couple of days present a challenging trading climate. It will be interesting to see how people construe a rate cut.

Many thought the original cut was a one-and-done that would take care of any lingering negative effects from the subprime crisis. A further rate cut would acknowledge that the damage may be deeper than originally thought; but it would also provide cheaper money for mergers and acquisitions.

Today I would like to focus on an incredibly cheap Dow component -- 3M(MMM Quote). I wrote about 3M earlier this year, and noted that everyone knows this company as the maker of the Post-It. ...