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


To: MythMan who wrote (66813)8/26/1999 11:01:00 AM
From: Knighty Tin  Read Replies (3) | Respond to of 132070
 
MM, If you think they are permanently high, your short term memory is faulty. Go back and check this chart on Citigroup even for the past two years. siliconinvestor.com I know this one well as I made a ton on their puts when they lost more than 50% of their value in a few weeks. The others dropped also, but I didn't own puts on them, so they aren't as important. <g>

The problem is assuming that today's bubble price levels are permanent when things were totally different even a little while ago.