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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Trey McAtee who wrote (54874)	10/7/1998 1:29:00 AM
From: epicure	Read Replies (1) \| Respond to of 58727

Trey- have a question for you. I was looking at a group of stocks with diminishing earnings that have pe's of 24-36- what do they make? Soup and cheesecake. SLE, GIS, HNZ, CPB look awful to me- granted they are defensive but their multiples are ridiculous. This isn't new technology- its pickles and cereal and soup in a can. So, am thinking about collecting some puts on these cows. What do you think? I want to wait for them to turn down- macd is still way too strong on all of them, but they are all becoming overbought and I might be able to be patient.