To All, Additions to the 90/10 put portfolio:
1. Cisco April 70s-cyqpn. Great co. selling at too high a multiple just before competition starts to move into their field and Y2K is about to slow demand tremendously.
2. Ascend March 50s-QQAoj(but not OJ Simpson <G>). It is takeover or bust with this co. In fact, the stock is now so overpriced, it is possibly even takeover AND bust. A two out of three shot at a homerun. It may not work, but I will take two out of three deals til the cows come home.
3. Micron Tech April 40s-MUPH. Yes, I was going to wait until right before eps, but zee stock, boss, zee stock, it looks like an airplane. I got a call today from a broker who told me he heard a whisper # that MU was going to earn a positive 25 cents this quarter. Ain't gonna happen. If it did happen, the stock should still sell for half its current price. Or less. The way the rumors and tout-a-rama are running, this looks like one that will be sold heavily on the news. Previously, any eps report was going to look good. Now, if they lose money, there are going to be a lot of suckers shaking their heads thinking they got screwed by mgt. Again.
MB |
