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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (29956)	12/7/1999 10:04:00 PM
From: Cape Blanco	Read Replies (3) \| Respond to of 50167

You guys sound like BK thread. Cool. I'm going to have another drink and seee what transpires. Is that OK with everybody?

To: MeDroogies who wrote (29956)	12/8/1999 5:01:00 AM
From: IQBAL LATIF	Respond to of 50167

I think Yhoo trade is a good play on the short side. I see this as a low risk play someone wrote to me today a PM reproduced here, very nicely capped. <<Tuesday, December 7, 1999 4:30 PM ET Reply # of 22 Looking at buying out of the money, YHOO puts. Got this idea from Ike: Message 12214810 Salient points about the reasoning behind this trade are: 1) Stock is overextended 2) Much of today's buying was one off demand from index trackers 3) Out of money puts are very cheap with a great deal of upside potential Dec 280's are asked at 5 1/8. If YHOO doesn't dip at tomorrow's open, I will be buying some of these calls as a speculative play.>> Never short a stock but in over extended runs if puts are cheap why not to play them, the reward can be good if SPZ is breaking below its resistance.. I think a risk of 50% premium is well in line. I would close the trade even on a single close above 1428 but will otherwise let them run to the wall...