WILL COCA-COLA ALWAYS GO UP? Message Board

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Strategies & Market Trends : WILL COCA-COLA ALWAYS GO UP?

KO 71.16

+0.1%

Nov 14 9:30 AM EST

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To: Dulane U. Ponder who wrote (1133)	7/2/1998 11:49:00 PM
From: John O'Neill	of 1462

Dulane...I wouldn't want to short this great company, but in outer space I do have KO Nov $70, $75, & $80 put options as a hedge. If the market corrects, than, I assume the high P/E issues like KO, PG, MCD etc will correct sharply. I know this is risky as the overvalued can become more overvalued. I also have $ 75 puts on INTC, PG & PG...all Oct thru Dec. I have calls on other small caps stocks like ADIC, DURA, & LGND. I'm not sure how I managed to get myself in this position...I'm not going to do anything for a while..the stocks I have are long term holds (small caps). What do you think D. Ponder? JO

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