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Strategies & Market Trends : Classic TA Workplace

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To: jjstingray who wrote (63938)	1/17/2003 1:33:28 PM
From: nspolar	Read Replies (1) of 209892

jj, have to admit I'm fairly new at options. Have not done much of it. Since I'm very bearish and think we are in for a long haul down, I've been taking some cash and gold profits and buying leap puts, with emphasis on financials. Bought a load of GE leaps yesterday for example. Mostly Jan 04 15's and 20's. I thought the 15's the best deal. 3M - I bought July 03 130's, when the stock price recently topped out. I didn't think the price was bad, for my targets. Can't offhand remember what I paid, but a lot less outlay as if I would have shorted. I'm looking for low risk and leverage. It will be a while before my strategy plays out, but time should be on my side.

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