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To: Patrice Gigahurtz who wrote (7039)12/26/1997 1:56:00 PM
From: J R KARY  Read Replies (1) | Respond to of 213173
 
Hi Patrice please explain <<Ever buy AAPL puts while holding AAPL stock ?>>

AAPL will fare better in 1998 but there are a number of longer term holders who could benefit from learning of the strategy you suggest .

I wish to average down ($11-12) , sell my older shares ($28) for a tax loss , and hope that AAPL will recover for a capital gain .

How would your "put" or any other scenario work with this , or in place of it ?

Many thanks,
Jim K.