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Politics : Idea Of The Day

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To: Arik T.G. who wrote (13960)	11/11/1997 5:57:00 PM
From: MonsieurGonzo	Read Replies (1) of 50167

Arik; RE:"I recommend writing (INTC) call 80..." ...probably sage advice, Arik. I've only begun to trade/invest with options this year, but I am an avid student (which is why I like to hang around this thread). I wrote calls when things started to tank before the end of last quarter - worked OK, but was a hassle keeping up with all of them. Recently, I've become interested in simply buying PUTs on the market indexes (but have yet to do so). Sadly, I have been compelled to sell a lot of equities, and take the short-term capital gains tax bite, as I am too proud ( and have too much Scottish blood ;-) to endure -$5,000 per day hits to my net worth during these intermediate DownTrends. LU and PAIR really tanked today. I have difficulty reading that sector - what do you make of the telecomm / networking stocks ? -Steve

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