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

To: Knighty Tin who wrote (38283)	12/5/1998 3:09:00 PM
From: accountclosed	Read Replies (1) \| Respond to of 132070

MB, when you say to go for home runs in options, it is a little bit more of a tricky game than I am used to. That is because of the time limit coming ever nearer. A timed game is much different than traditional stock investing. So I have a smattering of long puts. All fairly close to the money, all big names. Intc, dell, msft, cmb, ftu. Fair value is unlikely to happen in any four month or so time frame for this bubble, although we could get lucky and get bk. But anyway, is a home run in the type options I described a three-bagger return or so. In other words, what words of advice would you give me to consider when to pull the trigger on profits. I assume if the stocks continue to go up you would let them expire worthless? tia