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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (32257)9/4/1998 6:30:00 PM
From: Kathleen capps  Read Replies (2) of 132070
 
Michael,

Since you had three months left (these were Jan 110's, right?) why did you sell now. Since you expect it to go down more, why not hold the original puts a couple of months longer? I thought that was in the spirit of "swinging for the fences".

I'm trying to understand, since I've had a few winners that turned into losers by holding too long. And then I've gotten scared out of a position for a small gain, just to watch it turn into a big profit without me along for the ride. Yet I can't afford to take small gains consistantly since the number of puts that expired worthless have far outnumbered the ones that made money.

Kathleen
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