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Non-Tech : E*Trade (NYSE:ET)

ET 16.64

+0.3%

Nov 13 3:59 PM EST

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To: ecommerceman who wrote (5844)	4/9/1999 7:24:00 AM
From: amic	Read Replies (2) of 13953

ecommerceman; you should consider buying put options rather than shorting, especially if you plan on staying long EGRP with your stocks. Anyone having made substantial gains with the EGRP stock and who is bullish long term but worried short term should buy some puts to protect their investment. If the stock keeps on rising, you will only lose the value of the puts. But that should be covered by the gains on the stock. If the stock falls, what you make on the puts can compensate for the loss on the stock, or even beat it. Remember: 1 option contract covers 100 shares. If you own 500 shares, buy 5 put contracts, not 500 :) All just IMHO.

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