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

To: Knighty Tin who wrote (39954)12/18/1998 6:55:00 PM
From: yu  Read Replies (2) | Respond to of 132070
 
MB,

Not to second guess you since I am very new to this thread. The reasons you posted for buying puts on hi-tech stocks seem to be based on over valuation (CSCO) and FA (MU). But how do you find a good entry point? Over valued stacks can continue to be even more over valued. Lies about CPQ and MU could continue for weeks if not months.

I have lost a bundle recently sitting on cash and buying puts. Really would like to know from your perspective how long this could last based on your experiences.

Thanks ahead.

yu



To: Knighty Tin who wrote (39954)12/19/1998 8:17:00 AM
From: KENNETH R SANDERS  Read Replies (1) | Respond to of 132070
 
MB>>>>>> To All, I bought a first third of IBM April 150 puts today, replacing my 110s that
perspired worthless today. <<<<<<<<<<<<<<<<<<<<<< I wish Clinton was as truthful(and as shamless or is it shameless or both)as you<G>. Oh well, a poor dress rehearsal usually means a good opening nite.<G>


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