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Technology Stocks : Identix (IDNX)
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To: Wendell Holmes who wrote (1207)5/23/1997 8:21:00 AM
From: Peter Caradonna   of 26039
 
In a situation like this where the upside is considerable, puts hedge longs much better. It may be trowing money away, but it locks in the present level. Selling calls here, especially longer term calls is risky because both the upside and down side are beyond what premiums will pay you.

peter
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