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To: Tom K. who wrote (1442)	1/21/2000 8:01:00 PM
From: Bridge Player	Read Replies (2) \| Respond to of 8096

Tom, you continue to display your limited ability to understand, much less appreciate, any approach to the market that may be somewhat new to you. I trust that others who browse here are not thus encumbered. In your current post, clipped below, you are wrong on only two counts. << ..but you don't "make on the stock drop as well".... The scenario that I recall was that the stock begins dropping...then you short it. The example that came to mind was: stock at 50, have a short PUT at 40. Stock begins to drop, short the stock before it hits 40 and you get some benefit from the stock drop if it is put to you. However, if you short below 40, there is no benefit, just protection. I submit that this would be difficult to do, so I believe that you are correct.... even more reason to avoid this crazy approach. Thanks for catching me on that. >> 1. In the post to which you were responding, in which you said "you don't make on the stock drop as well", there was no scenario proposed. There was certainly no mention of a stock beginning to drop before anyone shorted it. Nor was there any mention of shorting a put, against that short stock, with a strike that was 20% away from the price at which the short occurred. If that is the example that came to mind, that came from your mind, and not from the post to which you were responding. 2. You indicate that with a stock at 50 that begins to drop, you would find it difficult to short it before it hits 40. "Stock begins to drop, short the stock before it hits 40 and you get.......I submit that this would be difficult to do." ???? Perhaps you are accustomed to shorting stocks after they have dropped 20% from their recent highs. Certainly that is your prerogative. That is not my trading style. And of course, if you short above 40, you do indeed "make on the stock drop as well." I leave it to the reader to characterize your comment about wanting to "avoid this crazy approach." I believe that Jill and Poet have both indicated an interest in being exposed to differing points of view on this thread, as a learning experience. I share that view. Nor do I mind vigorous dissent with other's views (in contrast with some other posters who may prefer a more placid, accommodating style in which all disagreements are couched in a very diplomatic way), so long as they are accurate, factual, and objective. I do not find that your dissents follow this course. BP