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To: c.hinton who wrote (6294)	4/6/2000 10:19:00 AM
From: silicon warrior	Read Replies (1) \| Respond to of 11568

OT: Dear Chinton--You gave up a hefty fee--4% for the right to speculate in currencies. If you wish to limit your downside risk in being long equities, there are a variety of increasingly leveraged ways to do so. The most simple and obvious being to buy puts at the same time. Or, do a straddle, buying the puts with the proceeds of the covered calls -then the only risk is not hitting a home run.I apologize for becoming somewhat uncivil, but I have major issues with inherited elitism and arrogance.