Walt Disney Message Board

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Technology Stocks : Walt Disney

DIS 114.45

+1.1%

Dec 24 12:59 PM EST

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To: Zoltan! who wrote (455)	3/11/1998 3:54:00 AM
From: paulmcg0	Read Replies (2) of 2222

[Options expiration anyone?] It seemed like a good idea at the time. When I bought put contracts with a strike price of 80 last year, Disney was trading at 85. I did not count on the gullibility of the Disney believers who forced the stock price up to ridiculous levels. (What kind of lunatic would buy Disney at 115, its recent price??) Those Disney puts are a very small part of my investments. There is another month until expiration, so there is a slim chance they might be worth something. If Disney's price were at a rational level, I'd say it would be in the 50-60 dollar per share range, but with the current speculative bubble on Wall Street, all stock prices are going sky high. Enjoy Disney's stock price while it lasts. Paul McGinnis

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