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

To: Rambi who wrote (67069)	9/1/1999 12:28:00 PM
From: Merritt	Respond to of 132070

Rambi: Oct. contract is where the action will be, IMHO. The time premium isn't all that exorbitant, and the Sept. earnings flop will best be reflected in the Oct. puts. If you go out to next year, you may be able to get whatever Y2K hysteria impact, but you also have a long time for the spinmeisters to talk the price up. I'm thinking that whatever price decline occurs after the Sept. earnings report will be relatively short-lived...maybe only a few days. As for strike, well, I'm looking at the MUVK's (Oct 55's), but I haven't made a decision yet. The 70's are probably the safest, but you don't get enough bang for your buck, IMHO, to make up for the risky nature of options. I like to envision a 2X-10X return, to compensate for the ones that run the wrong way...and if you play the game often, there'll be those losers. Sound money management is of extreme importance. My timing methodology, and sometimes stock selection, often differs from MB, but his money management system is tops, IMHO. (That's not to say his picks aren't good, just that we're each of us a little different.) You know, ya gotta do your own thing.<g>