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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (375)	8/9/1996 1:15:00 AM
From: John Tais	of 132070

Mike, thanks for the scoop on CRUS. I got greedy and sold a few naked calls about a week ago figuring it was dead meat & easy money. Well I tasted the fear side of the equation yesterday. <G> No sweat, I'll hold out a few days until things settle back down. I like selling premium but usually on overpriced retail and restaurant stocks. Techs are too dangerous, more from the delusions of the crowds than anything inherent in the companies. So I like your put strategies. Are you playing Cascade puts now? Or are the box makers too attractive.

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