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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: AHale who wrote (1853)	5/17/1998 12:27:00 AM
From: jwk	Respond to of 9818

I'd appreciate it if you had the time to post a bit of an expanded version of your thinking on this. I'm trying to figure out what would bethe best value in creating an insurance hedge against a signifcant correction. This sound interesting, but I don't fully understand all the reasoning behind it. Thanks.

To: AHale who wrote (1853)	5/17/1998 5:19:00 AM
From: John Mansfield	Read Replies (2) \| Respond to of 9818

<< I would buy leap puts for DEC OO, that way you get the benefit of all or the year 2000. I would also buy them, literally, as low as you can, either for the dow or the s&P 500. This is what I will be doing, sometime soon, as I believe we have about reached a market peak; if not, we are getting close. (You can guess that I think Y2K will create huge problems globally, and will tank the stock market in a big way!). >> 'As low as you can': why this? Could you elaborate on it? TIA! John