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

To: miklosh who wrote (34405)	10/23/1998 3:15:00 AM
From: upanddown	Respond to of 132070

Miklosh Another possibility is buying Jan 30 puts for less than 2 bucks and let the damn thing run. Semi-equips are overpriced (look at NVLS today) but that doesn't mean in yet another tech mania, that they won't get even more overpriced. This limits your downside to 28 (still 100% profit). If it gets to 40 or so, sell it and sell the puts for whatever you can get. The loss on the put will help a little on taxes. John

To: miklosh who wrote (34405)	10/24/1998 2:18:00 AM
From: eabDad	Read Replies (1) \| Respond to of 132070

miklosh: Glad it was of help. In the end, you have two answers to ponder: (1) Do you want to fundamentally sell the stock? If yes, then (1a) is there a price you would buy it back? If no, sell the stock. If yes, then a covered call is worthwhile and which month and strike price to write depends on the level you would buy it back and your interest to defer taxes (if that is important to you). If the answer to (1) is no, but you want to protect yourself against disaster, then buying a put is best. What level and month again depends on your maximum loss from here (like a stop loss), and for how long. Buying puts is like buying insurance. Better levels of protection cost more. Z