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

To: Knighty Tin who wrote (37903)	12/1/1998 11:57:00 PM
From: bob s	Read Replies (1) \| Respond to of 132070

MB-BEARX as downside protection?? What are your thoughts on this fund as a way to hedge in case of a big drop while I am still long most stuff?? I haven't had any luck on shorting individual stocks and buying puts etc. Thanks in advance. Bob

To: Knighty Tin who wrote (37903)	12/2/1998 4:40:00 AM
From: accountclosed	Respond to of 132070

Wow. that's the kind of answer I have to print out and study.

To: Knighty Tin who wrote (37903)	12/2/1998 5:53:00 AM
From: accountclosed	Read Replies (2) \| Respond to of 132070

p.s. in line 2, at the end of the first sentence, you said "by buying an out of the money call". you meant "by buying an out of the money put", i think, since we were talking about converting a buy/write into a spread conversion. Also I am not following the rest of that first paragraph when you say "short put"...Again I would have thought you meant "long put" in each situation. In other words on the keane and sang example I understood the "entire position" to be a short put. And the question was when do you add the long put for insurance on the downside. The sentence that I understand perfectly is the "If I dislike the stock, but love the premium, as I do with Dell or Lucent, I am very happy to add the put on any uptick." Let me know if I am not following you. tia.