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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Prof who wrote (12152)	7/30/1998 2:49:00 PM
From: Dale Baker	Read Replies (1) \| Respond to of 18691

Prof, SRCM is one of the stocks which made me glad I opened an options account. As soon as I heard SRCM traded options, I bought January 15 puts for 1 3/8. They have now more than doubled and I am holding for more. With a &(^% wannabe Internet stock like SRCM with a small float, buying out of the money options way out gives you equal or better leverage, plus you don't have to sweat the tape every day. Just an idea, but I find I am using puts for high flyers more and more instead of putting so much margin on the line to short them outright - if you can get shares. Just made 40% on some AMZN puts when ETrade hasn't had shares to short for a while. JMHO.