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

To: Nadine Carroll who wrote (58052)	4/29/1999 9:24:00 AM
From: Tommaso	Respond to of 132070

Well, what I have done is to buy LEAP puts, mostly for 2001, on an array of these stocks: AMZN, EBAY, YHOO. At some point "Internet" becomes a little ambiguous. For example, Schwab (SCH) now dpends heavily on the Internet, so I include it. I was going to do Ameritrade, but it dropped pretty hard before I could do so. I also have in this portfolio stocks you might consider "tech sector": INTC, DELL. I did have LU and MU, but made profits and switched to what seemed to me more promising. Finally, I followed Burke into PVN, which looks to be a greatly overpriced financial stock--but it got about 30% more overpriced after I did so. But with a 2001 LEAP I can wait about 20 months to see what becomes of it. By the way, MSFT actually dropped yesterday. But you are right about not wanting to fight a monopoly. If you find a pure short Internet play, please post it. Considering that the market has never really cracked, I am not doing too bad with my puts. So far it seems to work to shift money around now and then, taking profits where those exist (ranging from 40 to 100%) and looking for a better place to put it. The fluctuations are drastic, of course. Two weeks ago I was up about 60% overall; now it's only about 20%. A real crash--well, it's bad luck to make optimistic guesses.