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

To: Hector who wrote (54423)	4/3/1999 12:48:00 AM
From: Michael Bakunin	Respond to of 132070

I threw down for May 110's -- so I sure hope you're right both about the timing and magnitude of any drop. I'd be pretty comfortable if it didn't drop, though; there's no way AOL's underlying business can support this market value forever. Actually, my dream is for it to get even more expensive, so I can buy more puts on the way up. My nightmare is for it to drop very slowly; the put premium would bleed away, yet new puts would be less attractive at lower prices. We'll see how I do, mb