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Strategies & Market Trends : gary smith shorts and longs
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To: backman who wrote (326)2/3/1999 10:48:00 AM
From: Fortinwit  Read Replies (1) of 430
 
backman:

I liked SCI too, but I didn't chase it this morning, and my limit was not filled. . . looks like it's taking a dive.

Non-related GBS trades: I like your AMTD puts as a decent hedge against a market downturn. They've had an incredible run. I didn't like paying $20 premium though, so I went with MER (and C today) which was a *great* hedge over the summer. . . only problem is that they (and many of the financials) never made it back to the July highs, so there's potentially less room to fall.

Good trading. . .

F.
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