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Politics : Ask Michael Burke
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To: jebj who wrote (57485)4/27/1999 12:34:00 PM
From: Knighty Tin  Read Replies (1) of 132070
 
jb, PCs and internut stocks are different animals. There is absolutely no doubt that pc sales are declining and have been for some time. From 20-30% sales growth earlier in the decade to 6% in 1997 and a negative number last year to the latest quarterly disaster.

Nut stocks are trading sardines and currently not subject to rational analysis. Yes, many of the buyers could take a hit, assuming they are not margined, which most are. And, at some point they will definitely get it. I don't own any internut puts because they are too expensive for the reward potential. I did last summer and made a ton of money on them. Hope I get another shot, but right now I am priced out of that game.

Good Luck,

MB
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