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Politics : Ask Michael Burke

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To: Ilaine who wrote (40499)	12/22/1998 1:28:00 PM
From: Knighty Tin	Read Replies (1) of 132070

Coby, I have that article sitting in front of me. You will recall in my IFC piece this week that I wasn't buying puts on internuts right now because there was too big a crowd there. A 51% short sale ratio, combined with a very thin float, is the sort of thing that causes a stock to zoom up rapidly for no special reason. Meanwhile, folks have given up fighting the cos. I have bought puts on. I want to see the bears bloodied good on internut stocks before I pay the premiums an Amazon is commanding. MB

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