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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (64090)	7/6/1999 11:52:00 PM
From: Shane M	Read Replies (2) \| Respond to of 132070

MB, I've been reading this thread for over a year now, mostly lurking, and am beginning to get the bear real bad. I've raised my portfolio to about 50% cash at the moment and am figuring it's time to start doing some hedging with Puts. MU and INTC sound as good as any. Despite reading this thread for so long I've still yet to go long a Put - but that time is drawing near. I've reread "Suspenders" techstocks.com I don't think I can fully implement 90/10, but am content to start small positions with out of the money puts. The other day I think you mentioned you see Intel around $35 by EOY. If you were starting from scratch, what strikes and expirations do you like? The October 50-55 look interesting to me. I don't see any hidden demand Christmas surprises on the way, especially if AMD can get its act in gear. Also, what expiration and strikes do you like on MU? I'm guessing you'd recommend staggered expirations. (If I go October for Intel, I should choose August or January for MU). Is this correct? Thanks, Shane