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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (43409)	1/14/1999 3:58:00 PM
From: Robert	Read Replies (1) of 132070

Mike -- 2 questions for you: 1. What is your exit strategy on your puts? I know this is WAY premature, but how do you decide when to sell? I would guess you have price targets, but do you adjust them on the fly? How close to expiration do you ride them? 2. With brokers both ceasing MM coverage and even trading in general in the NUTZ and with margin requirements being tightened almost across the board for trading in the NUTZ, it seems to me that when the time comes, not only will there be a stampede towards the door, but the door is actually shrinking! Are any of these rules made retroactive? Meaning, if margin requirements are tightened, might we start getting a slew of margin calls if the NUTZ ever truly crack? TIA -- Robert

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