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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Tom Trader who wrote (6333)	10/14/1998 11:47:00 AM
From: Peter Smith	Respond to of 44573

Tom, Yes it is a long term investment, but on occasion he has switched in and out of GE to cash and has been able to gain a few points. Unfortunately he missed the 97 to 70ish drop. Big drop considering the $$$ involved, but a new job in a different city took away the required concentration, so such is life and in the long term he should do well. So you in effect are legging into a ratio put spread? Why not wait until it drops - if it does - and then sell the puts like you intend and buy lower strike puts for protection? Then if it does not break from where it is now you won't loose on the Dec puts you are trying to buy now. I like the idea of writing puts on any pullback. A John Cona style, except he'd sell calls on it if he got put. Thanks