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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Kailash who wrote (2654)	2/27/1999 8:47:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 3339

Well, all one can lose is $4,700 or whatever buying the cheapest, furthest-out put. But I think I will save this one as insurance in case everythign gets even crazier--like when 2001 puts are available. Which will happen if the market holds up. I truly think one could see a perpendicular drop in the next 2-3 months that would cut it by 75%.

To: Kailash who wrote (2654)	2/27/1999 9:22:00 PM
From: J. P.	Read Replies (2) \| Respond to of 3339

FWIW, I think it's better to short a stock with earnings, because they are tied to some sort of valuation model. What's the difference between a PE of 2000, 5000, 10000? Those EBAY puts defy the leverage that makes options trading profitable in the first place. Better to short a stock with a three dollar option and triple your money, than to buy a 40 dollar option and depend on a complete meltdown just for a double...Plus you have the problem of a relatively thin float, and the internut tout-athon going on this week, not to mention the split. With EBAY, you are entering into serious flak jacket, steel helmut territory! Heck, I'd rather short Cisco, Dell, Intel here than EBAY! BWDIK?