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Politics : Formerly About Advanced Micro Devices
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To: Kevin K. Spurway who wrote (83497)12/17/1999 7:08:00 PM
From: Elmer  Read Replies (1) of 1573052
 
Re: "What we're questioning is whether it's a strategy that's appropriate to somebody who thinks the underlying stock is overvalued and will shortly miss its earnings number substantially."

You're the first one to seriously raise that question. The argument has been is "bullish" the only description for this strategy or would other postures apply as well? I believe my neutral or even slightly bearish view would still support this type of trade. Others believe bullish is the only term to apply here.

EP
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