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Politics : Ask Michael Burke

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To: Gerald F Bunch who wrote (33623)	10/9/1998 12:48:00 PM
From: Mike M2	Read Replies (2) of 132070

Gerald, you may want to consider out of the money buying calls as a from of protection for your short position during the manic rallies. If the stock rallys strongly sell the call to lock in the profit and it reduces the breakeven point for your short. I have not gone over the numbers to see if this strategy makes economic sense but it sounds good in principle. I believe the internut stocks will trade for pennies on the dollar at the bottom of the bear mkt but I also feel that it is wise to nail down a nice profit and hope for a sucker rally. Good Luck. Mike

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