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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (39954)12/18/1998 6:55:00 PM
From: yu  Read Replies (2) of 132070
 
MB,

Not to second guess you since I am very new to this thread. The reasons you posted for buying puts on hi-tech stocks seem to be based on over valuation (CSCO) and FA (MU). But how do you find a good entry point? Over valued stacks can continue to be even more over valued. Lies about CPQ and MU could continue for weeks if not months.

I have lost a bundle recently sitting on cash and buying puts. Really would like to know from your perspective how long this could last based on your experiences.

Thanks ahead.

yu
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