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

To: yard_man who wrote (76524)	2/25/2000 11:53:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Tip, Yes, Rambo is expensive and I do buy fewer puts. I buy my puts like gasoline, by the dollar's worth, not by the gallon. In the 1995/1996 crash, the chippies did MUCH worse than the equipment makers, both fundamentally and as stocks. ISSI went from $73 to $4. CUBE from the 70s to 11. ALSC from the 40s to 2 and change. And 100s more. The equipment cos. fell from 40-70%, but it wasn't nearly as dramatic. I expect the same to happen this time. The problem with Xilinx or LSI or TXN or many of the other overpriced chip stocks is that they are overvalued, but still decent cos. Rambus is way overvalued and is a POS. I often compare it to my Presstek experience. There is a lot more leverage in betting against a POS like Presstek than an overvalued blue chip like Dell. It's just that they are much harder to find. Well, at least outside the internet sector. <g>