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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (134)	8/30/2005 2:25:17 PM
From: Seeker of Truth	Read Replies (2) \| Respond to of 219497

Hi KyrosL, The word "added" has two possible meanings. One is you sold the puts the other is you bought the puts. I never buy puts. The lowest quality horse manure will go up in price with enough inflation. When you buy a put you are betting that despite a background of inflation of everything, the shares will nevertheless head downwards in nominal terms. If you think GM and MBI are poorly run businesses you could SELL puts on their strongest competitors. The strike price would be below the current market, of course. When you buy puts time is running against you. When you sell puts time is with you. I admit to being eccentric here, possibly even wrong(!?) but I took some lessons from a great master and know something anyway, as opposed to knowing nothing and not realizing it, my previous situation before the lessons. Seeker