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: Freedom Fighter who wrote (56816)	4/21/1999 10:41:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 132070

Wayne, one of the problems I believe you'd encounter with trying to buy puts on a stock that has had a parabolic rise is that the volatility premiums would be outrageous. Shorting some of these names overnight can cause lack of sleep, premature gray hair, and stomach ulcers. I prefer to stick to the lesser known names and obvious pump and dump schemes when I short sell. I look for negative earnings, no analyst coverage or coverage by one or two boutique firms, a history of failure in previous business ventures, the selling of junk equity (aka toxic convertibles), and stock promotion with pie in the sky promises. My current favorite which meets just about all these criteria is CYOE. The company made a big splash in 1996 as Diana Corp when it folded up it's failed meatpacking biz and moved into network switches. The networkers were the 'nets of the day at the time. The stock was delisted from the NYSE, traded on the bulletin board, and was subsequently resurrected with a listing on the Nasdaq. Barb