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If you are convinced they are overpriced consider a put backspread. Sell an ATM
put and use the proceeds to purchase 2 OTM puts. If the stocks continue to rally
you lose little. If they go down a bit you lose a little. If they tank you make
out.
Mosonny@xxxxxxx wrote:
> What do you all think about these zany 'Net stocks, e.g. Yahoo, Amazon etc.
> Prices have gone through the roof, especially for Yahoo. Ridiculously
> overvalued and a mania, or is there something else there that I don't get?
>
> Obviously tough to get in front of the onrushing train, to put on shorts, but
> it just seems these are incredibly overvalued. Anyone have any ideas on this?
>
> Maurice Sonnenwirth
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