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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (73243)	1/11/2000 5:48:00 PM
From: Terry Maloney	Read Replies (1) of 132070

Michael, I noticed you bought layers of INTC at 70 & 75 yesterday, before this upgrade gave us whole new buying opportunities. The reason you moved to 80's today is obvious, but would you expand a bit on your thinking when you buy layers more or less simultaneously? Are the 75's a hedge against the 70's being perhaps a tad over-optimistic, or conversely are the 75's the main play and the 70's just a 'flyer' in case the pooch really pukes for once? Or is it something a bit more sophisticated? <g>

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