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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: accountclosed who wrote (32041)4/9/1999 1:43:00 PM
From: J. P.  Read Replies (1) of 86076
 
Well, what I'd tell any friend is to give POS4 a pass either long or short. Even if it drops 30 tomorrow, and by all rights it should, it is not an opportunity lost, it's an unjustifiable risk avoided.

I'd be afraid to buy the May's, because if the mania continues, then we have the earnings (which will 'look' good at first blush, remember this is a mania), and the fabled split announcement (chuckie has filed for more shares already).

The June's you'll have to pay a premium on and get through May (see above)

The Aprils are too damn expensive, but I bet it drops at least some prior to expiration, to screw all the call buyers out of premiums.

Bottom line to me is not a play here unless the mania stops.
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