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Pastimes : Generation Xers--saving and investing strategy -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (32)	12/4/1997 4:09:00 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 100

Well FPF looks like it may have bottomed out...so my first SE asian CEF to get back into...hopefully for the "long term" is First Philippine Fund. Seems like Japan has a ways to go down over the next few days after three bad sessions in a row, Japan certainly does not seem to be following the Korea dead cat bounce. Also bought Sybase today...and some Microsoft puts. I thought about Peoplesoft and AOL and DELL puts today, but really, which is the most overvalued? I think it is MSFT, plus a pretty negative article in the Journal today about how options take away from their earnings. And sure, everybody knows that the earnings go to employees and not shareholders, so why the hell do people own the stock? Crazy. Haven't had any puts in awhile...just feels like the time is right. Watch Japan crash and scare the hell out of everybody.