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To: larry who wrote (80181)	11/14/1998 12:15:00 PM
From: lin luo	Read Replies (1) \| Respond to of 176387

larry, So you basically write naked-short-term-(deep)-in-the-money-put, right? MSFT is probably the only one that can still hold even if the market falls. Still, the market will make a big move on Tuesday regardless the rate cut or not. If the Fed cuts the rate, people will think this is the last. These days anything can happen in the markets, but long-term will be bearish. Many companies will have significant spending cut next year, and this will cause problems to many hi-tech companies. MSFT, YHOO, SGP are almost the only things I still hold. Good Luck!