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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (28421)	8/25/1999 10:11:00 PM
From: broken_cookie	Read Replies (1) \| Respond to of 50167

buying stocks at these levels is <<dangerous>> go for options if my levels are taken out only, otherwise sit and relax, don't try to jump on the train if you have missed it, you will see lower entry points, if you have long calls established on individual stocks let them run until your critical 1333 is taken out, that is long way from here.. Just a point of clarification. I assume when you advise opening long calls instead of going long shares, you mean to use a small fraction of the capital needed for buying the shares to purchase the calls. In other words (hypothetical example) buy 1 call in YHOO rather that 100 shares. NOT buy 10 calls instead of buying 100 shares. Right? I'm fairly sure that is what you meant but new visitors to this thread might be confused - and get wiped out.