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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Kailash who wrote (13640)9/11/1998 3:22:00 PM
From: space cadet  Read Replies (1) of 18691
 
Looks pretty bad for my lgto puts that will die in Oct. I had a quick double on this one but in the middle of my moving I badly misplayed it. Reminds me of my incompetence last year. I still can't quite believe this stock is so strong. At its all time high, p/e in the stratosphere- looking at this stock you would never imagine there was any kind of stock market turmoil. What is wrong with this picture? I may buy some more puts on this vehicle. I can't believe it can maintain its p/e indefinitely in the stratosphere when others are crashing all around it. Obviously the street is in love with lgto- that's the only explanation. Wish I knew why. I'm sure it will eventually tumble- but maybe that won't be for several years. I actually like this company and they are undoubtably in a great field: I just think their p/e is more appropriate to a tulip bulb bull market than where we are right now. Even vrts looks cheap in comparison!!!!
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