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Technology Stocks : Newbridge Networks
NN 16.12+1.6%Dec 8 3:59 PM EST

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To: Brett Nelson who wrote (3933)3/31/1998 8:30:00 AM
From: notredame   of 18016
 
The investor is not particularly extremely bearish, because he did hedge at $25.

The extremely bearish option writer would have selected naked calls, or put purchases.

If the calls written at $20 are covered, then the strategy is different.

I think there are too many combinations to factor in.
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