Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (92727)	7/24/2001 7:28:41 PM
From: Tommaso	Read Replies (1) \| Respond to of 95453

Just as Dow 11,000 would have seemed wildly inconceivable in 1994, Dow 5,000 seems inconceivable now. In part, I learned my lesson from participating in the Lucent thread when Lucent was above 100 (as I recall). The proponents of the stock were so enthusiastic and abusive of contrary views that I was persuaded to sell my LEAP puts after a modest drop. Historical events make a Dow of 4,000 not inconceivable. But in my cowardly fashion I would probably start selling my Dow LEAPputs as it dropped below 9,000--at least enough to cover my costs. BTW, those puts (strike price 14,000 on the Dow) for the years 2002 and 2003 are selling at a discount --a large discount-- to actual value, because they are European style and cannot be exercised until expiration. But as expiration approaches they will take on the characteristics of American-style (exercisable any time) puts. I consider these LEAPS the greatest fixed-roulette-wheel discovery of my entire life. But who knows what strange things may intercept my analysis?