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To: Don S.Boller who wrote (45)4/13/1999 4:57:00 PM
From: zebraspot  Read Replies (1) | Respond to of 76
 
Don,

I agree this is tulip time, overall - but not our stocks, of course!
(though LVLT is truly in that category now, IMO)

I always keep some way-out-of-the-money MER puts around - can't tell you how many times they have more than offset my losses when the general market headed down -- you can make 100+ times your money on these in a month or so in a sell-off - cheap insurance.