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

To: gbh who wrote (46512)	2/10/1999 11:04:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Gary, I have never liked Dell, so I guess you could say I've been a bear from inception. They have never passed my smell test. As far as buying puts go, I bought a third in 1997 and lost 100% on it. The third I own now are only my second try with this bowwow. I already took a 150% profit on my Xilinx puts today and rolled down in strike price. That's a quick roll for me, but I am not real comfortable with March puts when they go in the money. The co. may have fine engineering, but that does nothing to save them from the fact they are a non-grower with a super grower pe ratio. This is a prime collapse candidate if the market ever heads to only being 40% over priced instead of 100%. The cos. I buy puts on are not all bad cos. Some are, like MU and IBM, but most are fine cos. that happen to be priced at very silly levels. I'm not looking for bankruptcy, just a return to something close to fair value. Which is much lower for Xilinx. MB