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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: zebraspot who wrote (2577)	4/10/1998 12:01:00 AM
From: Neal davidson	Read Replies (1) \| Respond to of 10852

I once owned a speculative biotech company which had a phase three trial in progress...I knew when the results were due, but i foolishly did not hedge my bets by buying puts. Suffice it to say that the phase three trial was not successful, and the stock dropped 70% in one day (when the results were announced)...i will never again own a stock in which i have a huge gain without hedging IF there is a big event on the horizon. It is my feeling, in this case, that LOR does not have a single, stock price altering event on the horizon. Therefore, I am long, not hedging, and considering adding to my long position. JMHO