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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: imdchamps who wrote (2807)9/21/2000 8:03:09 PM
From: Voltaire  Respond to of 65232
 
HI Don,

THIS IS A CC ALERT -

To: Jimbo who wrote (81099)
From: Voltaire Thursday, Sep 21, 2000 8:00 PM ET
Reply # of 81103

Jimbo,
absolutely. You should buy back any call that will as a result of the sell off lose it's intrinsic value and hence YOUR PROTECTION to the downside. If you do not do this, you are simply saying - I have no protection on the downside and only OPPORTUNITY LOST on the upside.

V


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