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Politics : Ask Michael Burke

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To: Bill/WA who wrote (51574)	3/12/1999 12:04:00 PM
From: Knighty Tin	Read Replies (1) of 132070

Bill, I still hold nearly a half position in CPQ April 30 puts. Whether or that is smart remains to be seen. I have pretty big profits in them, so I could punt. But I kind of want the dog to break the buck before I sell. This has been the best put stock of this down tick for me. Not just the move down, but the fact that it had two dead cat bounces along the way which I got lucky and caught almost perfectly on rolls and reestablishes. My experience with MU is that is does this flopping around pattern for a long time, gets hyped when the co. spins its tall tales (which it is doing next week) and then crashes in huge amounts nearly overnight. So, I think the gift that keeps on giving may have a slight hiccup with the eps scam, but after that, it will start giving again. Big time. I am already in a first third of CMB puts for the coming downtick in financials. MB

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