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To: DavidG who wrote (26938)1/22/1998 12:06:00 AM
From: Skeeter Bug  Read Replies (2) | Respond to of 53903
 
dave, logically, i think you are right. however, the prevailing mood isn't logical. everyone is expecting a big turn around that may or may not happen. mu at $32 is much less expensive than mu at $60 given the future outlook.

you may be right that now is a good time to buy puts. however, higher prices would not amaze me. kind of like the difference between infity and infinity plus $10.

contrary to your flames, i do learn. i've been here, done this before. i will wait for the right time and then pounce. if it doesn't come then that's ok. but, if it does... :-)

good luck.