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To: Steve Fancy who wrote (1726)12/30/1998 1:55:00 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 3813
 
steve, i own june 40s. fair value is in the low $20s to high teens. the "recovery" is going to take much longer than most think and i feel that there will be bad pc related news in q1. having said that, cash inflows from people who think eps retractions are a good thing (s&p q3 earnings down, while at all time highs) may prop this up so i'll give them 6 months to figure out the obvious ;-)



To: Steve Fancy who wrote (1726)12/30/1998 2:46:00 PM
From: Peter Goss  Read Replies (2) | Respond to of 3813
 
How far out are you guys buying puts?>>

I am giving it plenty of time - out to june in NVLS, april in AMAT.

good trading,

Peter