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To: Mike M2 who wrote (1192)3/9/1998 4:13:00 PM
From: yard_man  Read Replies (1) | Respond to of 86076
 
Affectionately, I assure you. Please give me some more. I need something to cheer me up -- bought puts on YAHOO fri. First big winner starting to develop in GTW puts but profits about equally offset for the time being by paper losses on YHOO puts.

What kills me is the rotation. Is this a flight to "quality?" Running from INTC, MSFT and PC makers to internet hype? Golly!
Has to be a sign of the top!

What do you think are going to be the results for GTW this time around? Can they fudge the numbers or will the disaster show through. Thinking of just selling the GTW puts in the next few days if I can get a quadruple. It's been a nearly straight path down from where I bought them at 44 or so, though.



To: Mike M2 who wrote (1192)3/9/1998 4:16:00 PM
From: MythMan  Read Replies (1) | Respond to of 86076
 
>>will have a record point drop (well over 50 pts) by May 1<<

I assume you mean a one day drop. If it takes until May then there won't be any imho.