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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Nancy who wrote (15621)	12/16/1997 11:25:00 AM
From: Judy	Read Replies (1) \| Respond to of 50167

S Korea floated its WON today, elections on Thursday. Near-term euphoria and sheer relief are causing a surge in telecom stocks and semi equip makers. Drifting into some year end rally. Gauge the momentum of the liquidity sitting on the sidelines and use this opportunity to buy cheap protective puts to leg into longs down the line. Two reasons for this: If the market tanks, one makes money on the puts AND if the market does not stablize, one need not initiate the longs. If the market corrects and stability is not clear, one is protected as one legs into longs. With some likelihood, one can also close out the protective puts at a profit if one sees the worse if over down the line and stablility is on the horizon. Nancy, go CSCO go.

To: Nancy who wrote (15621)	12/16/1997 11:41:00 AM
From: Gaston Teran	Read Replies (1) \| Respond to of 50167

>Regarding WDC: Dont be fooled by trailing p/e. The sad truth is they will just breakeven for 1997 and may lose money in 1998. here goes your positive p/e.< You're right. So I guess one has to go and examine WDC capatilization and worth to try to estimate a bottom. Although the sector sucks, WDC makes fine products and has a strong customer following which seems to tell me they will regain their profitability in a year or so. But it's tough to tell in the disk drive sector nowadays. Gaston