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

To: Knighty Tin who wrote (49491)	3/2/1999 5:32:00 PM
From: yard_man	Read Replies (1) \| Respond to of 132070

EWM coming back into buying range?

To: Knighty Tin who wrote (49491)	3/3/1999 1:06:00 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

To All, I am reestablishing put positions on Home Depot, buying the May 55s and May 50s (HDQK and QJ). No doubt that HD is a decent co. selling junk to mouth breathers (if I were buying calls, it would be a high class home improvement emporium <g>). But at 56 times eps with growth slowing every quarter, and that in a great housing market, Houston, we've got a problem. I removed an earlier two thirds position a few weeks back with a 200%-er on one third and a 150 %-er on the other. Those aren't my usual targets, but, since they were Febs, I felt that it had to be done. I didn't want to do a roll at the time as the stock was too low. Now it ain't. To say the least. You know I like to buy puts on up days, but this danged market won't hold still. At least I know it is up for the paint sniffers and nail floggers. <g> MB