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To: chic_hearne who wrote (18033)9/13/2000 3:21:25 PM
From: pater tenebrarum  Respond to of 436258
 
well, if it's a true LLCF you want to bet on, you can simply buy the far ootm front month puts now and then...they're so cheap that a few misses don't hurt.

all government debt securities provide insurance...



To: chic_hearne who wrote (18033)9/13/2000 10:42:28 PM
From: LLCF  Respond to of 436258
 
<I disagree on puts, they require timing and expire worthless if you are wrong. If you want to go out 6 months, they are too expensive. Hell, I don't know if this thing is giving tomorrow or in 6 months. >

As a blanket statement you couldn't be more wrong. It all depends on the price. 2 year puts may be a good investment... but you have to know what you're doing.

For instance, if you got payed 100 to 1 to play a number on the roulette wheel you'd clean up sitting there all day... although you'd lose 36 times for each winner, who cares!

dAK