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Technology Stocks : INTC -- Ignore unavailable to you. Want to Upgrade?

To: Harry Landsiedel who wrote (940)	4/18/1999 5:14:00 PM
From: Jules B. Garfunkel	Read Replies (1) \| Respond to of 990

Harry, I agree with you completely, and I concur that this hedge strategy is about to really pay off. But Harry, how do you think I feel after seeing IBM drop on Friday, to exactly my strike price,(170), and then go no lower? No! I just don't have the emotional fortitude to take the chance that analysts will choose, (one more time), to turn a blind eye on IBM's poor quality of earnings. However, I strongly recommend others,(after doing their homework), to buy Puts on IBM. That assumes of course, that you haven't already invested two years of emotions and money, hedging yourself against the possibility of a tech stock correction. But then again, give me a week to recover from Friday's dissapointment, and if it isn't too late, I'll probably be buying Puts on IBM again. Regards, Jules