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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Carolyn who wrote (9717)12/15/1999 12:21:00 PM
From: Ms. X  Read Replies (1) | Respond to of 63513
 
It's like insurance on your car. You expect to have your car for a couple of years but you buy insurance in case some one dings up the fender etc.

Same for stocks. If the chart starts to break down and it looks like your stock will get dinged, buy puts or sell calls to recoup some of the loss.