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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?


To: mike devage who wrote (7344)7/27/1999 9:25:00 PM
From: William Nimsgern  Read Replies (3) | Respond to of 9818
 
Mike, I am doing exactly what you are doing except i am going to sell long term covered calls on my Lu, CSCO INTC & MSFT. and buy puts with the proceeds that way I am protected if things go bad but don't have the tax consequences I would have if
i sold. huge capital gains I also have new money to invest when not if the market collapses this fall.



To: mike devage who wrote (7344)7/27/1999 9:32:00 PM
From: Lane3  Read Replies (2) | Respond to of 9818
 
Thanks, Mike. I appreciate the info.

My preference is to stand pat, but I realize that the psychology of Y2K may alter the "buy on dips" pattern of the typical stockholder, and that affects me. So I'm scanning the horizon to get a feel for it.

FWIW, I made this the topic of water-cooler conversation today at the office, asked a number of bright, well-read people what they were planning for Y2K. Business as usual, one and all.

BTW, I have a handful of eagle coins someplace in the house, a remnant of my preparation for the last survivalist scare around '80--the runaway inflation problem that looked like it would never end. Nice long term loss there. ;)

Karen