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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: kash johal who wrote (99642)	2/23/2000 3:59:00 AM
From: Amy J	Read Replies (2) \| Respond to of 186894

Hi John, Kash, and thread, RE: market risk" "So how are you investing to take advantage of the coming downturn or sideways market." - wrote a few (short-term covered) calls (normally out of money). So if the stock falls, stays steady, or goes slightly higher, one can keep the premium and the stocks won't get called. But if the market shoots up big time this could get called, which means missing out on a profit (approximately) beyond the strike price. So, it's a loss in profit. Now, I assume (when writing calls) the underlying stock is solid and if it takes a short-term downturn the assumption is it will eventually wind its way back up. Haven't really touched INTC (maybe 3% has written covered calls). - with Cisco, had recently bought a few puts and made a nice profit. This was a very bearish Bakunin-style investment - today bought some MSFT call options (leaps) What are other folks doing? Regards, Amy J