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Technology Stocks : PMC-Sierra (PMCS) -- Ignore unavailable to you. Want to Upgrade?

To: Toby Zidle who wrote (2615)	7/21/1999 7:01:00 PM
From: Trader Dave	Read Replies (3) \| Respond to of 3818

They were way out of the money options to protect a now very large position. They just help me sleep at night, if I lose the tiny per share amounts I paid for them it will offset the gains i made from mistakenly letting my pmcs get called away earlier this year. Taxes on $83 - $20 or a $63 profit would be at least $19 unless you're in a state with no local taxes. Now you also start the clock ticking again on short term versus long term gains. add in commissions and other costs..... The best investors of all time that out performed over very long periods are the buy and hold investors. there aren't too many fast money traders out there with world famous 10 to 20 year track records. off to dinner for me too..... TD