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

To: yu who wrote (39976)	12/18/1998 8:34:00 PM
From: Knighty Tin	Respond to of 132070

Yu, Since it has already been 3 years since pc sales growth hit the wall, and that is the key to all tech stock investments, it has already taken at least 2 1/2 years longer than I expected. I never know when the crazies will wake up. That is why I use 90/10, so I can reload. However, I do know that the entire sector does not have to crash to make a lot of money in puts. I have made major profits in puts despite the market and the techs going to all time highs and interest rates being manipulated down. When a fluff stock is caught in its lies, the market does punish it. Even MU dropped from $95 to $17, and when it was $17, it had better eps, a better balance sheet and a better outlook than it has today. You need a trigger to take an entire sector down. You just need reality to take down one or several fluff players. I am pretty convinced that will happen early next year. But you need the money management discipline of interest only or a 90/10. You can't bet the ranch on any one expiration day and expect to survive. MB