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


To: Skeeter Bug who wrote (38698)12/8/1998 10:43:00 PM
From: Denice  Read Replies (2) | Respond to of 132070
 
Wish I was an AMAT bull. I would be selling right about now for a nice profit. Guess that tells you where I stand. Bad taste and a bear to boot.

Here is my question - Anyone that wants to answer, feel free. I need all the help I can get. If you want to keep this off the thread you can PM me. I realize I am out of my league in here but if I stayed within my league (feel really comfortable in my son's first grade class) I don't learn near as much. So here goes and laughter is okay as long as someone answers the question. Please keep in mind the only way I have ever bought a stock is the missionary position. And they claim the President hasn't taught us a thing (g).

Today Michael added to his 90/10 portfolio.

1. Cisco April 70's-cyqpn.

Let's just do one at a time. I read his article about the 90/10 approach. I understand the concept (mostly). I understand what a call and a put is (impressed so far?). I know he is buying CSCO and that he expects this stock to go down (A PUT). Also this option expires the third week (?) of April. That's as much as I understand.

I have learned alot reading this thread, I'm just not sure what to do with all this information (g). Thanks in advance

Denice

Denice