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

To: Knighty Tin who wrote (78349)	3/22/2000 3:17:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Mike, I know you have a more toned down attitude about what's going on these days, but I think this is a clear cut example of rape and pillage. They're killing the shorts on the way up with total BS. (margin calls and all) They're hyping the naive on the way up. Micron will do a very successful offering or conversion. Investment bankers will make lots of money. The naive will get caught holding the bag. Everyone gets killed except Micron and Wall St. There really needs to be an investigation. Sooner or later these dirtbags are going to rape a guy who doesn't get enough satisfaction from venting on the interent... not that I'm overly concered about the welfare of dirtbags. Wayne

To: Knighty Tin who wrote (78349)	3/22/2000 6:06:00 PM
From: Terry Maloney	Read Replies (1) \| Respond to of 132070

Michael, what strike price would you be looking at for a second third of MU April puts? A simple-minded application of your '10-bagger or bust' philosophy would lead me to the 100's, in that they would require the least drop in the stock -- to ~ $87, based on today's closing ask of 1 1/4, whereas higher or lower strikes would require greater drops to achieve 10-bagger status. Obviously there's more to it than this ... (if you were sure it was going to be at $6, loading up on a ton of 55's at 1/16 would be the way to go. <g>)