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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (2900)	10/20/1998 12:28:00 PM
From: Melissa McAuliffe	Respond to of 4509

Robin and any others who were smart enough to buy more stock at 18 7/8 or thereabouts... Why don't you think about buying some puts just in case PSFT does drop after earnings. You can buy november 20's for $1. Thus for $1, you're guaranteed of being able to sell your stock at $20. Or your puts will appreciate if the stock goes down and you can just sell them. Worst case, you lose $1 or some portion thereof but it seems like pretty cheap insurance to me...You'll make it back if the stock goes up anyway. Melissa