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Technology Stocks : How high will Microsoft fly?
MSFT 476.080.0%Dec 17 3:59 PM EST
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To: taxman who wrote (20331)4/12/1999 12:18:00 AM
From: t2  Read Replies (1) of 74651
 
and a good reason to have some puts

I would rather be in more cash instead unless you think the bull market is over. Puts might be a good idea on a short term basis--right after we had a significant run up in stocks or a certain sector.
After a run up you might actually be better off in selling covered calls---I think that is what a bullish investor would do.

Of course it depends upon whether you are good at finding a "Compaq".
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