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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: miklosh who wrote (34383)	10/22/1998 5:40:00 PM
From: yard_man	Respond to of 132070

Selling the gold fund and buying another or buying back after a month is a good way to offset your gains in AMAT when you sell. Puts are expensive, generally speaking, now as a hedge. I would either do the offset or short against the box to move the gain to next year. The offset really seems like a good idea to me. I would not buy puts on it now as a speculation because it is rather low-priced (on an absolute basis, unless I was very bearish -- I'll make an exception soon along these lines for Micron). By the way UTEK just reported a disaster. Revs cut by 2/3 and a much wider loss than expected -- don't know if it will affect AMAT tomorrow or not.