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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (9127)	10/21/1998 12:43:00 PM
From: yard_man	Read Replies (2) \| Respond to of 86076

People used to feel the same way about INTC. You are right, but once enterprises hit a certain size and command a certain market share they are very vulnerable to any economic slowdown. Nonetheless, I believe I have been early both times I bought puts. It has the capacity to drop by 50% very quickly though at the hint of any slowing earnings growth -- probably will hit next year, not this year. Now as you say it is a play on what happens with the govmnt. In hindsight, I like the IBM play better. Don't sweat your IBM puts, I think you made a good buy. Good chance that the break will be down and not up. One heck of a buying spree has already taken place.