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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: Hobie1Kenobe who wrote (7569)	12/14/2000 11:57:19 PM
From: mishedlo	Respond to of 13572

<<If it does not happen, what happens?>> mishedlo - if Elmer fails to cut the rates, I want to be riding the big Kahuna wave with a bushel basket of puts balanced gingerly on my surfboard. How's about you?>> My problem is that I have that basket of PUTs and am trying to figure out what the hell to do with them. 1) I figure there will be no rate cut this month 2) I think even if there is, the rally will be short lived However I am tired of these all or nothing plays. Perhaps I can balance my long term puts with a few short term calls. Perhaps I should sell them all and see what happens Perhaps I should sell half and let the rest ride, confident in #2. Decisions decisions decisions. Advice Anyone? M