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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (49254)	2/28/1999 1:36:00 PM
From: Tommaso	Read Replies (3) of 132070

Today's papers are full of ads flaunting the Pentium IIIs. What about all those other machines that were advertised last week? I was back in the CompUSA store yesterday, and what seemed mainly to be choking aisles were monitors. What do we make of that? I have never seen such a mess of stuff stacked around. I guess the warehouse is full? Or did they expect all these new machines to levitate out the door? Despite all the signs and the growing consensus in the media that the markets have to come down, I am feeling healthily scared about my put positions--partly because I am now at a profit level that I had planned originally to get out. But all these things still look terribly overpriced, and MU and INTC have just begun to drop in a convincing way--with SCH and PVN actually up. With the big bounce in AMZN I re-established there, and am holding YHOO, AOL, DELL, and a pretty small XLK put position as well as shorting that index. So I guess I will tremble and hold, though with gains this is getting to be rather too large a portion of net worth to have in options.

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