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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 2.830+1.1%Dec 5 9:30 AM EST

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To: Porter Davis who wrote (1982)3/20/1998 8:05:00 AM
From: Trader Bob  Read Replies (1) of 5827
 
Hedge your position with options now!

If your long at under a hundred bucks, don't be greedy, spend the money and buy some puts. The best insurance you can buy. The index buying concluded last night. A lot of the shorts have been squeezed out in the past few days (one I heard of last night to the tune of $750,000 CAD).

If you take away the short covering and the index buying we may get the same pattern down as we got going up.

If the stock goes up you win, if the stock goes down you've covered on the options.

lots of luck

Bob
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