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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (36397)	11/16/1998 6:18:00 PM
From: upanddown	Read Replies (1) of 132070

Mike, I'am curious as to how you handle a play like FLC. It has to be very undervalued compared to the general market current PEG value.... stockselector.com but the sector and oil prices currently suck and look bearish for at least the rest of the year. Do you do anything to protect your downside when you are long and like the stock but it is currently going against you ? Do you box it, buy puts, sell calls or do you just pursue a thirds strategy and buy more if it continues to fall ? Thanks, John

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