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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (1895)9/28/1996 7:44:00 PM
From: Joseph G.   of 132070
 
Hi Mike, re: erts, it has indeed made a 52 week high, but only because it's previous high of 42 1/4 was made on sept 14, 1995 (it also hit that number in late '93). This time it seems to have a good chance to take 42 1/4 out, don't know by how much. I recommended it few weeks ago, but don't have it myself.

When you have time, maybe you could tell me how do you close your long puts. E.g., do you exercise them, do you close it 1/3's, do you close based on stock valuation, stuff like that.

Best, Joe
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