Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 492.01

+1.3%

Nov 28 9:30 AM EST

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To: Connor26 who wrote (19429)	6/14/2002 12:07:44 AM
From: KevinThompson	Read Replies (1) of 26752

Please forgive me for preaching, but I've learned through painful experiences myself to always always always do a hedge immediately upon entering any position. If I buy stock, I buy a put. If I short stock, I buy a call. Just common sense. Especially holding anything overnight, you just can't be certain that Osama Your Mamma won't slam another plane into a state landmark somewhere. A hedge will save you from disaster. If disaster strikes, you can then sell the hedge, recoup most of your loss, and still keep your stock. Alternatively, if it's close to expiration with little or no time value left, just exercise the option and close out the position. Just my 2 cents, Best Regards, KT

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