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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Paul Fiondella who wrote (22508)6/6/1998 10:47:00 AM
From: Ben Antanaitis   of 42771
 
Paul,

No, but just because I personally don't short stocks.

However, and this is a hypothetical discussion and not to be considered investment advice by anyone reading this posting.... I might consider the July 12.5 puts(which go for ~same as the June's which go away in two weeks) or if I could keep my eyes on the tape and thought I were really very agile, the June 10 puts. Of course I would go into the 10's knowing that I was not going to keep them till expiry but only go for a double or triple then dump and run.

BUT, as we all should know, the Max-Pain effect is a second order effect and that breaking news, earnings announcements, Greenspan, Starr, etc can swamp out the effect.... right?

Ben A.
ez-pnf.com
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