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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS
VIA 33.16-2.6%2:30 PM EST

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To: Patrice Gigahurtz who wrote (2683)10/4/1998 4:52:00 AM
From: ED_L  Read Replies (1) of 4613
 
When "loss of sleep" over portfolio is a problem then one frequently makes inappropriate stock decisions. I have had that problem and have tossed good stocks like AA and PVT out the window along with the marginal performers. I believe a partial solution is to have some sort of hedge against extreme volatile markets. Puts are one way to do this and perhaps against the S&P (SPX) depending on portfolio size. Another hedge is mid/long range T-Bonds which generally go up in strong down markets. PS. your August 12 comments reflected a similar sentiment (loss of sleep) and which time you inquired about puts. (It may be too late in the cycle for CBS puts but may apply to other high flyers that have not fallen yet).
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