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

To: Cape Blanco who wrote (30120)	7/22/1998 12:20:00 PM
From: Knighty Tin	Respond to of 132070

Marc, Actually, I jumped in with my first third of short puts, long calls (synthetic stock) too soon. I will put on the second third if it gets to $55. I am a contrarian. I buy when stocks are cheap and sell when they get expensive according to my valuation model. I do not back off if what I want to happen happens, unless there is a fundamental reason. So far, the numbers are pretty much what I expected and a cheaper SLB is a bargain, IMHO. But that is long term. I don't necessarily expect a quick pop here. MB