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To: xstuckey who wrote (75585)	3/5/1999 9:21:00 PM
From: limtex	Respond to of 186894

Thread - Do I take it that someone has suggested shorting the market because of todays action? Well before doing so think about how much tax refund money is going to become available before the end of April and then add that to the additional 401k savings coming from the greatest performance the economy has ever made and factor that in. How high will the market go after that little lot gets invested. Regards, L

To: xstuckey who wrote (75585)	3/5/1999 9:52:00 PM
From: kash johal	Respond to of 186894

Xstuckey, If you have a large cap gain and are worried write some out of the money calls. Premiums on Jan 140 2000 Leaps are pretty good. Use small amount of the premiums to buy some low premium deep out of the money defensive puts. If the stock drops you will make some money. If it stays in the current 100-140 trading range you can pocket the premiums. Regards, Kash

To: xstuckey who wrote (75585)	3/8/1999 2:12:00 AM
From: Michael Bakunin	Read Replies (1) \| Respond to of 186894

X, You're right; I have no experience with a one-stock portfolio. Rather too risky for me -- but exceptional risks can beget exceptional returns; congratulations on yours. There are stocks I like in small-caps, Asia, Africa, Eastern Europe, biotech, among others. However, I do not recommend a five-stock portfolio; diversification is your friend. I maintain that fear of capital gains taxes is no reason to hold a stock you don't like. I posted a simple method by which to postpone recognizing gains on a substantially appreciated position, as you hold. Was it unclear? #reply-7842778 Further, given sufficient underperformance, it becomes worthwhile to sell without any tax strategy and reinvest elsewhere. Where that point is depends on your estimation of the future, but that point must necessarily exist at a high enough price. If you need help, please hire a professional. Many are quite capable and a few very good. I'm sure you can turn up a decent tax advisor. mb PS - If you don't like INTC, why is it all you own?