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To: Jan Crawley who wrote (100734)4/14/2000 2:46:00 PM
From: Sam Citron  Read Replies (1) | Respond to of 164684
 
Hot money always flees from litigation risk and MSFT will be under a litigation cloud for the forseeable future.

I sell naked puts at prices where I am happy to own the stock long-term. I'm currently short IBM April 85 puts and may very well roll into MSFT puts. I like to use longer expirations and go 20% or so out of the money.