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

To: Spekulatius who wrote (88458)	1/13/2001 1:41:46 PM
From: mishedlo	Respond to of 132070

I fully understand the risks. I am taking a one time shot with money I can afford to lose. BTW, Over half of the PUTs in my port are leap puts or longer term PUTs (JUN) on a basket of financials with little time decay. This is more conservative than MIKEs occasional home run plays. I see what I believe to be a well thought out scenario in tech, based upon many factors that I have discussed. I am taking a big shot at that right now. The bulk of these PUTs on a $ basis are FEB's. If the stocks in question jump on earnings I will get hammered but not lose everyting. This will still leave me above where I started the year. If wrong I will pull back in, probably to 80-20 as opposed to 90-10. In my personal account that I live off, I have been pretty much right at 95-05, but only yesterday increased that to 90-10. I see a chance, I am taking it, and if wrong I will pull back. Oddly enough, if right I will pull back as well, as the play I am in will give me more $ than I will want to leave on options, going forward. I intend to cash out the current tech options plays, right wrong or indifferent, the day after earnings. M