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


To: Tommaso who wrote (47983)2/19/1999 3:03:00 PM
From: Michael Bakunin  Respond to of 132070
 
Answer: he's a permabull. He's just converted his long position into a short put. If the stock goes up, he makes money, although he has capped his gains. If the stock goes down... well, let's just say, I'm not shorting Dell puts right now -- especially after vols came in. mb