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Technology Stocks : Cyrix 1 Where anything goes
CYRX 8.710-0.6%1:23 PM EST
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To: Mark A. Forte who wrote (240)2/27/1997 11:27:00 PM
From: Carl R.   of 640
 
Depends why you bought them. If you bought them as a gamble, one can hardly argue with taking a profit. I bought my AMAT puts as a small hedge against my portfolio. If my portfolio goes to hell, at least I make money on the puts. Thus, I need to keep them until I perceive that the danger is over, and I am not trying to make a profit on them. I may make one, but that isn't necessarily the goal. For what its worth, I think the danger extends through Monday or Tuesday.

Carl
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