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Politics : Ask Michael Burke

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To: Skeeter Bug who wrote (67584)	9/13/1999 11:26:00 AM
From: Knighty Tin	Read Replies (1) of 132070

Skeets, Get thee behind me, Satan! <g> Of course buying more puts at all time highs is not TA. If a co. is earning $1 a share and selling at $20, with a 2% yield, if it hits $40, it is selling at 40 times with a 1% yield. If it is worth 20 times eps, buying puts when it hits $40 has zilch to do with TA. It has everything to do with realizing the firm is overvalued as a continuing business operation.

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