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

To: The Perfect Hedge who wrote (26359)	3/4/1998 1:43:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

GD, Don't take out a loan on Micron puts at $45. I thought the same thing at $63 and the bowwow went to $95. You never can overestimate the ignorance of the herd. Airlines are one industry that makes DRAM cos. look rational. I have made a lot of money over the years buying puts when they are up and calls when they are down. This is the cyclical of all cyclical industries. I usually prefer individual issues, but the entire index looks ok for a put right now. I was in airline puts, then out, and am now looking to get back in. Like Rainman, I like long puts on every one but Quantas. <G> MB