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Strategies & Market Trends : Value Investing
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To: Bob Rudd who wrote (5748)1/12/1999 8:49:00 PM
From: Shane M  Read Replies (2) of 78702
 
Bob,

I'm trying to learn options currently too - primarily so I can find ways to profit/hedge myself in a down market and make some money when the bubble bursts. Up to now now my primary strategy has been to raise cash levels, but capital gains are just too much. I'm trying to hold stocks longer now.
I'm going to consider options "play money" until I learn how to utilize them properly, but like yourself I plan to buy deep out of the money puts on a company such as Ebay or AMZN provided I can get a decent price.

Am going to keep the proportion of money in options very small too. To me this is gambling so I have put restriction on how much I'll commit. I'm not going to limit shorts to the internuts either though. Am also looking at shorting some techs that seem overvalued but which still have investors which try to look at the fundamentals. MU is one, along with other high priced commodity producers, such as HTCH. Am going to try to adopt a strategy that allows me to keep on put'in until the cows come home. This bubble may last for several years, so I can't risk too much on any given strike date. But when it does I want to be there.

The site you mention is a good one for option quotes. Also, there is an ad link on that site to a company called Investrade that has some of the cheapest option executions I've seen for small sized orders. $1.75 per contract with a $14.95 minimum.

Shane
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