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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: STEVE who wrote (40668)	3/2/2000 4:34:00 AM
From: Tim McGee	Respond to of 45548

even tho you understand Steve's explanation, it still doesn't solve the problem you wanted to. You were worried about the price going down and your paper profits being taken off the table before the year is up. What you want to do is to buy puts that expire after your year is up at a strike price where you want to protect your profits. If the stock goes under this and stays there past your year date. You can sell your shares and sell the put to close to capture the value difference. I believe your tax on this is only on the options and you get cap gains rate on the money made from shares. Hope this made sense.