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.

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

To: Kerry Phineas who wrote (23983)	10/25/1997 12:45:00 AM
From: Skeeter Bug	Respond to of 132070

kerry, i'd sell the txn puts and keep the mu puts at least through their earnings disaster. IF the herd starts stampeding again, they will jump on txn. they earned a $1.20 last q. with a little growth you can justify earnings of $5.50 or so. multiply by 20 and you get $110. mu is losing money. $30 is waaaay too much. however, who woulda thought gtw would gap up this morning ;-) then again, i sold my nov 20s when txn was $135 :-( what do i know...

To: Kerry Phineas who wrote (23983)	10/25/1997 12:49:00 PM
From: Knighty Tin	Respond to of 132070

Kerry, I am rolling down on TXN and MU, but your TXN puts are already pretty far out of the money, so I'd hold on to them. You could see MU in the teens again once the Xmas hype flops, AGAIN, so I wouldn't want to be without representation there, and you Jan 30s look awfully good. I'll buy them from you at 7/16 if you are cash poor. -vbg- If you are using 90/10 and have room to buy another third, I wouldn't disturb these yet. If you are fully invested in the puts, you may want to take money off the table after what I expect to be some pretty gory (not Al Gore-y -g-) moves on Monday. MB