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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Lazlo Pierce who wrote (15883)4/9/1998 1:01:00 PM
From: Russ  Respond to of 94695
 
I'm playing this one with LU and MSFT. I bought some MSFT April 85s for 1/2 a few days ago. I checked this am and they were at 1/4. I tried to double up on them but they moved to 1/2 again before I got my order in. I grabbed some LU 65s about 11 am today.

I figure both MSFT and LU are overpriced tech blue chips, so they should lead the market down. I don't trust frothy crap like YHOO or BLDPF to do anything rational (though I do hold some BLPDF puts for May).

MU can barely hold its own while dow is up 100. I'm hoping for MU to really crater.

-Russ



To: Lazlo Pierce who wrote (15883)4/9/1998 4:49:00 PM
From: jef saunders  Read Replies (1) | Respond to of 94695
 
> LU P/E is very high ...

not nearly as high as other technology stocks ... look at YHOO
who earned 8 cents this quarter, and went up 13+ points.
i'm seeing other technology stocks get buy recommendations
even with P/E's of 100s. (RMBS, PSFT). better off with puts
on stocks whose promise of earnings increasing is not so good.

jef


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