Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J. P. who wrote (53176)	3/23/1999 5:38:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 132070

..because we already own Intel puts. <g>

To: J. P. who wrote (53176)	3/23/1999 6:29:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

JP, Well, Earlie and several other folks want to buy them. I don't because Intel is way down the food chain. They have shipped lots of mpcs with the Pentupnodemand III intro and the fact that they are gathering dust in warehouses means nothing to them this quarter. Yes, in a perfect world, investors would ask about the millions of chips in inventory, the disappearing cash, the low sell-through to final customers, etc. But we do not have a perfect world. Intel has lots of cash, holdings in companies whose stocks have gone up and some excellent accountants. Basically, I think they can fake the headlines on eps this quarter, and that is all the gullubulls read. The time to buy puts, IMHO, is right after the announcement, before somebody gives the statement an odorectomy. <g> That being said, this strategy made me miss the top on Dell and Micron, and already on Intel. It helped me hit the nail on the head with Compaq and CDWC. So, it has, at best, had a mixed track record.