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Strategies & Market Trends : Roger's 1998 Short Picks

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To: put2rich who wrote (16890)1/12/1999 12:33:00 AM
From: Mama Bear  Read Replies (1) of 18691
 
"Problem is I don't know I am the last to hold the worthless certificate since have to go to work and can not monitor"

Some suggestions:

1. Don't bet more than you can afford to lose.

2. I would suggest either AMZN, YHOO, or AOL, or better a basket of the three. These three are being touted as the "Internet blue chips". Be aware that YHOO announces their financial statement after the bell tomorrow.

3. Don't get greedy.

4. Set a stop loss. It's got to be loose, the 'nutz are volatile. But lately they haven't been fluctuating down that much.

5. Consider a 'safe' play. Buy the stock, sell the call. The Jan01 YHOO 320 call was bidding 206 at the close. That's a lot of downside protection. Of course you limit your upside as well.

6. Does your broker do mutual funds? There is one called 'netnet' that invests exclusively in the 'nutz. Sorry I don't know any more than that about it.

7. Remember suggestion #1

Barb
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