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Politics : Ask Michael Burke

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To: Lucretius who wrote (42219)	1/5/1999 9:58:00 AM
From: Tommaso	Read Replies (1) of 132070

>>I thnk you could see these net stocks lose 80 to 90% of their value in a few days if the overall mkt began to sell off. The would likely gap down 30%. something to keep in mind. << If only you could be right! I am allowing two years for it to happen, with LEAP puts for 2001. But eighteen months ago I considered buying S&P LEAP puts for January of 1999, and for some reason did not. Happily, since they would probably be expiring worthless unless I had sold them last September. I am still worried that I don't hear as many people as I would like to getting into the mania. For example, during the gold/silver mania, there were a lot of little people buying one or two gold coins or a few silver dollars. I don't know anyone who has bought one share of AMZN.

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