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Technology Stocks : INTEL TRADER
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To: MonsieurGonzo who wrote (1790)1/20/1998 6:01:00 PM
From: Bullseye  Read Replies (1) of 11051
 
i recall somebody posting a message here about buying puts on cisco with a strike of 60

It seems now like cisco is pushing towards 62 ; Could you give me your opinion about buying short term csco puts 65 as a way to hedge against any drop in the markets ? Or is this just a stupid idea ?

(Every time csco tries to break through $60 level and markets go down, csco falls 2 or 3 points.)

Thanks.
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