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

To: Lucretius who wrote (42219)	1/5/1999 12:25:00 AM
From: HG	Read Replies (1) \| Respond to of 132070

yep, I know what you mean. I may not even tolerate a 40% drop - it really depends on the the trend and how I feel at the time. I once bought calls at 69, sold 33% of the holding at 100, and then it tanked to 70. Something did not feel right, so I sold at 65. Bought it back at 70 and still hold that. But that was a tough call. I have emotional dissonance in that I don't always act according to my beliefs as far as stocks go. The rational part takes over. We agree to disagree about the 90% bit. No point discussing from the two extremes of the continuum. I once converted a very strong bear into a bull by asking him to play with 1 share of YHOO. You might want to try that ? Just to see how it feels.

To: Lucretius who wrote (42219)	1/5/1999 9:58:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 132070

>>I thnk you could see these net stocks lose 80 to 90% of their value in a few days if the overall mkt began to sell off. The would likely gap down 30%. something to keep in mind. << If only you could be right! I am allowing two years for it to happen, with LEAP puts for 2001. But eighteen months ago I considered buying S&P LEAP puts for January of 1999, and for some reason did not. Happily, since they would probably be expiring worthless unless I had sold them last September. I am still worried that I don't hear as many people as I would like to getting into the mania. For example, during the gold/silver mania, there were a lot of little people buying one or two gold coins or a few silver dollars. I don't know anyone who has bought one share of AMZN.