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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Paul Engel who wrote (70877)	9/3/1999 2:51:00 AM
From: Elmer	Read Replies (2) \| Respond to of 1576159

Re: "If you have any AMD shares that have been "PUT" to you, you can use this to your advantage by SELLING COVERED CALLs on your shares. " Haven't had any shares put to me or I definately would sell covered calls. Re: "Or, if you don't own any shares, sell UNCOVERED CALLS at a strike price of around 22 1/2 to $27 1/2 - but be prepared for a possible (but highly UNLIKELY) POSITIVE surprise." Haven't tried uncovered calls yet but it's a possibility. Re: "I can see a big sell off - and a minor panic - but the economy is doing great, everything but houses and stocks are getting cheaper - so I don't see any bear market of any significant duration. " We have an S&P500 PE of ~27, the highest ever. We've had 2 rate hikes and we have the perception of inflation looming. The FED is quietly tightening M1. Bear markets can happen during good economic times. We have a generation of investors who have never experienced significant losses. How will they react to a panic? No guarantee of a bear, I admit but I don't want to sell puts more than 1 month out. EP