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Strategies & Market Trends : Tech Stock Options

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To: Jorge who wrote (53309)	9/19/1998 4:39:00 PM
From: SJS	Read Replies (1) of 58727

I'll remind you of your comments when you get one that crashes through the price you said you would buy it at. Many folks sold puts on the "can't touch me" oil drillers last year, only to see themselves get put as the stocks went lower and lower. Selling puts seems like a layup, but it really isn't. You might want to own DELL right now via selling puts because the stock is so much higher (seems like a no-brainer sitting where it is today....), however....the bear could be right on you in notime for that breed of large-cap NAZ stock with a long market downdraft, or specific sector or negative company news. Just protect yourself. Good luck.

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