Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: craig crawford who wrote (13800)	9/16/1998 8:02:00 PM
From: larry	Read Replies (1) of 18691

Craig, I did know a guy who sold too many naked puts during the 87 crash and found himself badly hurt by margin calls. However, I think that I will stick to a brokerage firm that does not allow to use margin to sell naked puts. Secondly, I will strictly do so only on issues that I am willing to 'long'. If that's the case, I think that most investors are willing to buy their favorite issues at a wholesale price. And again, if the Dow goes down 1000 point with a day, basically no one is going to be immune from the damage unless someone is heavily short in his portfolio. Another reason that I have faith in the market is that I am still able to make money since the market crash, all on the long side. In a typical bear market, I don't think that longs can do so consistently. Actually I have to say thanks to Michael Dell...this guy single handedly offers me the opportunity to get to where I am right now. And my trades in the last month was strictly DELL, with the exceptions of buying a few shares of LU at low 70s. Thanks to your response. good luck, larry!

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