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Politics : Ask Michael Burke

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To: Tommaso who wrote (80368)	5/2/2000 6:44:00 PM
From: pater tenebrarum	Read Replies (1) of 132070

T, i have a big QQQ short that i also regard as a great sell-and-hold so to speak. now and then when the market looks oversold i buy calls to hedge it and sell them as soon as it looks overbought again. but right now i feel the NAZ may have entered a secular bear market, and will ultimately drift much lower. last year i lost a bit on my options trades overall, but made more than up for that this year (so far that is). anyway, i use only a very small portion of my assets for option trades...and i regularly sacrifice a bunch of MU puts to the market gods...:) regards, hb

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