Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ilaine who wrote (41857)	1/1/1999 8:50:00 PM
From: accountclosed	Read Replies (1) of 132070

Coby, I would like to turn this conversation around into a positive thing. If CSCO seems overpriced to you, then we agree. I have some puts on CSCO. I am very much in MB's camp on the 90/10 and thirds money management discipline. He is the only person that I have seen on SI that regularly drives home the importance of money management in options. I am grateful to him for that. So my puts on CSCO are a very contained, controlled bet against what I perceive to be overvaluation. I find it reasonable to buy puts on stocks that I believe are overvalued. The thing I would say to you or anyone, is that with the market at these levels, if you are long, consider buying some puts on something you perceive to be overvalued. Wonderful companies with wonderful growth have some limit to their value.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next