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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (87)	7/26/1996 12:12:00 AM
From: space cadet	of 132070

>However, after a rally over the next few days, I expect it to head further to the downside. (usrx) Michael, I agree with you that there probably will be a short term rally in usrx in the next few days. My question is, given this, do you go out and buy calls on usrx, follow it up, then turn around and sell the calls and buy puts? Also, a few other questions. I previously asked you about Netscape as a solid put. What's your opinion? I just made a few bucks (20%) on NSCP puts in the last few days but I could have made quite a bit more with better money management. Do you use stop losses on your puts to lock in gains, or how exactly do you decide when it's time to sell them? Glad to see that the negative types haven't scared you away. On some other newsgroups these types have scared away some interesting professors who decided why bother dealing with these cretins. I'm glad to see you're a lot more thick skinned. Maybe that's one advantage of dealing with the market every day instead of students- it toughens your hide.

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