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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (3114)10/17/1996 3:37:00 PM
From: space cadet   of 132070
 
Hi Mike, great to have you around again. It's been an exciting few days with you gone as a lot of earnings have been released. I'm now up to 2/3 position on MU puts. And I see it's up again today! Ugh. Some of my 1/3 puts were Oct. and those are dying a quiet death. The rest are Jan puts. Do you still think I'll be all right on those, or would you advise trying to move those to Apr puts?
Also, there has been a lot of turmoil lately with the network hi-flyers starting to look almost human. CSCC announced better than expected sub-par earnings and lost 15 points in 1 day, then recovered half that. SHVA, PAIR look weak, as does ASND. What's your call on those stocks as of now? I'm very tempted to put CSCC but haven't yet. I think the market makers want CSCC to close Friday at 75, to minimize option redemptions.
USRX had a big announcement that didn't turn out to be that much, apparently. They like everyone else will have a 56K modem starting next year. They ran up in price. Any action here?
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