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Re: Internet stocks



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THE DOCTOR wrote:

Doc,
    What's the CBOE spin on the E-Trade announcement about starting an electroniic
options exchange?  How do they say this would work?  Who takes the other side of the
trades?

Thanks,

Norman


> 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