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Strategies & Market Trends : Roger's 1998 Short Picks
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To: Ploni who wrote (13574)9/9/1998 11:02:00 PM
From: Joey Two-Cents  Read Replies (1) of 18691
 
Charles,

Picked up a few WMT 1/00 PUT LEAPS, strike price of 50 for $ 4. It has a PE of 35. It's off only 10% from its all time high of $ 69 and it has doubled in the past year. They were counting on growth from expansion in Asia and South America since the domestic market is saturated. IMO I think these will return 500% in the next year.
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