I'm holding for the full 60 days, because I want future IPOs from Wit, like Pacific Internet and Prodigy. However, I did short some DBCC at 25, figuring that will protect my downside in MKTW. I can't imagine how DBCC would go up while MKTW goes down from here. If both go up, fine, if both go down, fine, I'm hedged. And if the spread widens between DBCC and MKTW, as I expect, my profit goes up regardless of their stock prices.
So if you want to lock in some profit, without selling, short an equal dollar amount of DBCC. Not a perfect hedge, but should work pretty well, IMHO. |
