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To: Ex-INTCfan who wrote (110543)	3/21/1999 11:48:00 PM
From: Christian Atallah	Respond to of 176387

Thats correct.

To: Ex-INTCfan who wrote (110543)	3/22/1999 6:59:00 AM
From: edamo	Read Replies (2) \| Respond to of 176387

intcfan....re puts put seller,gets premium=long stock=bullish=stock price up=profit put buyer,gives premium=short stock=bearish=stock price down=profit put selling is an agressive, but yet conservative due to understood limited risk to benefit from the upward movement of the underlying.. put buying sometimes used as insurance hedge if you own the underlying to give downside protection...my problem with this strategy is if you don't have long term faith in the underlying why not just sell it? put buying also used as a leveraged short position by traders...limits risk because they can only lose the premium they pay, whereas an underlying short can be much higher risk...regards, ed a.