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Politics : Ask Michael Burke

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To: Shane M who wrote (38855)12/10/1998 10:16:00 AM
From: Knighty Tin  Read Replies (2) of 132070
 
Shane, Options are short term investments, but I view them as long term plays. That is where my 90/10 program came into being. If I see a stock that is way overpriced, I will buy puts on it until it goes down or the fundamentals change. True, I have a lot of expiration days where I cry in my beer. But the winners are so overwhelming that it doesn't matter in the long haul. Still, you cannot make bets at any one time and be assured of a win. You have to be able to stay the course.

MB
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