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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 168.90+4.9%Dec 5 9:30 AM EST

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To: Pierre-X who wrote (2701)3/6/1998 7:45:00 PM
From: tom pope  Read Replies (3) of 9256
 
Just to lay my cards on the table - I'm short
htch
apm
spyders
oex 510 and 515 calls
1 S&P @1046.80 (sob!)
long oex march 495 and 500 puts.
covered a short msft for a small loss this a.m.

That hedges about 75% of my stock portfolio. In addition, cash is about 66% of the stocks, not counting the cash from the shorts.

I also am long California real estate, in case anybody needs a house in the wine country, or a super lot with fantastic views of the Pacific Ocean. (But that's another story, unfortunately.)

Still looking for shorts, and PX's candidates will be fun to research this weekend.

Today was a good example (for me) of how demanding this game can be. If I'm holding the S&P contract as a trade, I should have sold after the first half hour; if it's a hedge, hold til the last margin call. Very tension-making. I'm not good at handling split personalities.

Lawrence, you'd really sell puts in this market?
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