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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (75939)2/15/2000 3:46:00 PM
From: TRINDY  Read Replies (3) of 132070
 
Mike, well today we have about a 140 point reversal in the NAZ Comp and Intel hits a new high. The craziness continues. I've been thinking about buying puts on Intel and wonder what you consider the sweet-spot to be for such puts.

Also, given your long-term experience with the stock market, do you have any projection on when this bubble might burst? I know that Hickey recommends buying LEAP puts, probably in recognition that predicting an end to the mania is a difficult business. I was hopeful for a time today, but once again it is my bubble that keeps getting burst, not the markets. In November I was entertaining notions of a nuclear winter, but that hope is getting long-in-tooth as well. I know from previous posts that you think the business has already busted, but prices haven't. What's the potential lag for that market to recognize this? If computer business has already busted, could that market recognition be far behind?

Thanks in advance for your highly useful comments.
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