IDTC Options Players (losers and whiners) Message Board

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Technology Stocks : IDTC Options Players (losers and whiners)

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To: amoezzi who wrote (526)	4/10/2000 1:57:00 AM
From: Steve Fancy	of 593

Howdy Amoezzi, I have shorted many puts successfully, but got stung on one position big time a couple years ago. As a general rule an easy way to make money and the writers if careful usually win. If I were as confident as many of the hard and true IDTC bulls, I probably wouldn't hesistate, but honestly, I don't trust HJ, and therefore can't justify the risk. I think the stock is going higher based on it's intrinsic value, but am not confident enough to risk a huge gap down if he kills some of these deals as it appears he did with TYCO. Unfortunately, his CNBC interview did nothing to boost my confidence in him personally, and I have a similar lack of confidence in Courtner. Sooo, for me, I'd rather purchase the calls where I know what I'm out if HJ does something stupid. Keep in mind also that I personally have no desire to own the stock. Shorting puts can be a great way to lower the cost basis of an stock purchase. All that said, could be the best plan around. My only advice would be to stick closely to a predefined loss if the trade were to move against you. Good luck with your strategy! Regards, sf

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