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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine)
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To: CMason who wrote (615)2/27/1998 4:05:00 PM
From: A. Fineigler  Read Replies (1) of 2282
 
CMason,

Hope that was a typo in your last message or you may need to unwind some positions and establish new ones to do your intended hedge. Selling puts is not a hedge against a long position. It is an aggressive re-enforcement of a long position. You should be buying puts or selling calls to hedge.

AF
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