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Strategies & Market Trends : Tech Stock Options
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To: Darth Trader who wrote (40291)4/18/1998 6:16:00 PM
From: Tom Trader  Read Replies (1) of 58727
 
>>for downside protection on my long portfolio, I request your, and anybody else's opinion<<

Hi DT--as an "anybody else", I shall venture to offer my two cents:)

I agree with Barbara that index put protection is probably premature; IMO, the market is not ready to reverse course in any significant way --as yet. Look for sentiment to become a lot more bullish and the technicals to show signs of fraying before any major correction.

I also agree with Barbara that, except for investment positions, it is better to liquidate part of ones trading portfolio if feels uncomfortable with where the market is. In fact, I posted to Arik that there may be some merit in gradually/partially selling into strength and taking profits at this time.

There will doubtless be another opportunity this year to redeploy ones capital into equities at much more favorable prices.

I think that some of these over-blown sectors such as the internet will see come back to earth in due course -- but at this point, the odds favor them going higher first. I have decided that I will establish some long/medium term short positions in this sector at the right time--unless of course, I chicken out when the time comes:) For now if I play this sector it will be on the long side.

Good trading
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