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To: TST who wrote (24004)6/30/1999 3:04:00 PM
From: JH  Read Replies (2) | Respond to of 93625
 
TST - I concur. Trading is extremely stressful and demanding, both mentally and physically. A week ago, I felt so "burnt out", that I sold most of the stocks in my portfolio to raise 75% in cash in order to buy some latitude for a rest. With today's good news from the FED, I think it's safe to redeploy the cash.

Never ever short puts unless you have the cash to pay for the underlying stocks in case they are assigned. Shorting naked calls are even riskier, since the losses can be unlimited!

There must be more than a few poor souls who were short before the Fed news today...