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To: Bipin Prasad who wrote (48941)10/4/1999 5:44:00 PM
From: Michael Bakunin  Read Replies (2) | Respond to of 53903
 
Why MU over 80, or why I would want puts?

The former ground has been well trod on this board; search for They or Scenario here only and the posts will come rolling out.

The latter should be obvious; the higher the underlying goes, the more I make when it drops. I am of the opinion that the underlying is a trading vehicle, and therefore prefer to play only the downside.

-mb