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

To: Knighty Tin who wrote (66869)	8/28/1999 2:14:00 AM
From: PaperChase	Read Replies (3) \| Respond to of 132070

>>BTW, thank you for calling a PC day yesterday and allowing me to get a 150%er on QQQ puts. << Could you enlighten me with the math used on your "150%er"??? QQQ went from an all-time high of $122ish to close Friday at $119 3/4. Link: quote.yahoo.com Knowing that you like to play out of the money Puts with homerun potential, I do not see how you could have profited 150% on your QQQ puts. BTW, I view some of your put buying as merely playing the short-term downward volatility of stocks that are in a long-term uptrend. (You've done this on MU, IBM, GTW and others, even QQQ.) To me, this is a high risk strategy even though your underlying Put portfolio weighting strategy is sound. Buy the dip in the blue-chip telecom and semi equipment makers. Otherwise you will look back one year from now and scream "I shoulda listened to PC".