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

To: BG Smith who wrote (80283)	5/1/2000 11:07:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

BG, As long as you understand that I don't consider Adobe a POS as I do many companies on which I buy puts. I love Adobe the company and buy the stock, or calls, whenever they are cheap. Right now, fair value is about 1/3 of the current stock price, so I think puts are a good deal. ADBE is one of those stocks that is always either going to the Moon or going bust. It is going to do neither. It is a fine cyclical growth software co. and investors just can't seem to get that fact. They pay up at the top of the cycle and sell down at the bottom. Meanwhile, I've made a ton on it both ways. Contrarianism is good. <g>