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Non-Tech : McDonalds (MCD)
MCD 307.80+2.4%Dec 3 3:59 PM EST
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To: Investor2 who wrote (153)8/3/1998 8:08:00 PM
From: John O'Neill  Read Replies (1) of 288
 
Investor 2 >> I sold out my long-term holding when the price was in the $70's. I think MCD may very well drop back into the $50's.<<

I have never owned the stock but have 30 put options for Dec.
1/2 at $60 strike and 1/2 and $65 strike. When do you think I should cash out?

I wonder why it went up in the first place...the competition is ruthless in the US and the foreign markets don't look good at all. Plus MCD will have to spend a LOT of cash to make "cooked to order" a reality. IMHO they are loosing market share to superior food of other chains.

JO
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