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Technology Stocks : PMC-Sierra (PMCS) - moderated -- Ignore unavailable to you. Want to Upgrade?

To: Howard R. Hansen who wrote (163)	12/3/2000 12:42:49 PM
From: techanalyst1	Read Replies (1) \| Respond to of 469

No, I didn't mean to say if it rose alot. I meant to say if it fell alot. If it fell alot, I'd take the profits on the puts and sometimes buy back the calls. That ensured that the stock could not get called away and I knew that I could sell calls again only if they were "unspoken for". No sense in being greedy in not taking profits from puts. My strategy was to make money short term while holding my shares long term not put the stock to someone else. I look at my investments as owning a piece of a company not as a piece of paper and I intend to keep them for years as long as the management executes well, but that doesn't mean I can't profit from the market in the short term. When the stock was rising (prior to this spring) I rarely messed with puts and I always bought back my calls. There is nothing fool proof in investing or trading. TA