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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (65137)	7/29/1999 1:59:00 AM
From: Trey McAtee	Read Replies (1) of 132070

mike-- as if i needed a reason to read this thread (other than you being on it<G>), you graciously provide another. you analysis is dead on. while i dont think we are going to go through some kind of depression, we are surely heading for a major recession. i have friends who are graduating from college, maxing out new CCs with advances and buying... you guessed it: net stocks! one friend bought a new house, a new car, new furniture, on and on with proceeds from some options that recently vested. he spent the entire tranche AND is now even further in the hole than when he started. he's not worried though, because in december some more options vest. the problem is, he isnt cashing them out, he is going to stay in the stock. nevermind the fact that his employer is one of the nets.... i only have one thing i am really worried about... that the collapse is WORSE than i think it will be and there will be no one to buy my puts. at least last year someone was there to buy<G>. good luck to all, trey

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