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Politics : Ask Michael Burke
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To: Raven who wrote (739)8/23/1996 5:35:00 PM
From: Skeeter Bug   of 132070
 
alice, if the underlying security tanks as michael has predicted, please explain to everyone on this board how somebody that buys put options at current price valuations for the underlying securities will lose money.

assume the future reveals that he is right. nobody knows at this point whether he is or isn't.

also, please explain how your method of analysis protects an options investor from a fall in the underlying security as michael has predicted (assuming it is true - again, nobody knows).

thanks,

jeff
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