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Strategies & Market Trends : Tech Stock Options

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To: epicure who wrote (54877)	10/7/1998 1:11:00 PM
From: Trey McAtee	Read Replies (1) of 58727

x-- dont ask me...i just hate EK<G>. actually, i think you have a good point here. however, i think they may go a little higher. the dow has held up too damn well over the last few days...i dont get it. i didnt think the NDX would break down so horribly, while the dow held up. i would say that whenever they hit a P/E of 35+, its time to buy puts without worry. right now i am worried. i have never really understood defensive issues, but people seem to like them in bad times. so, let the lemmings flood in and then we will attack. lets wait until the dow falls to 7k . by then these guys should be ripe for a fall. good luck to all, trey

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