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To: conrad grant who wrote (600)1/2/1998 3:03:00 PM
From: Doo  Respond to of 789
 
conrad: The short system talks at length and, in fact, prefers puts as opposed to shorting the stock itself. There is a PB long manual you can buy on using options called EAGLE, or something. Never read it, but I think I pretty well know what it says because it has to be the inverse of the short system as far as which calls to buy, how to value and when to exit.

Otherwise, the short system is not the inverse of the long in any way.

Don't know what "option repairs" are, but sell signals are same I always use, except I intend to liquidate at least 3 weeks prior to expiration.

Jeff