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

To: Don Lloyd who wrote (58468)5/4/1999 5:16:00 PM
From: Knighty Tin  Respond to of 132070
 
Don, You are right about the sunk costs, but how you approach the unwind does depend on your sunk costs. For example, if you have long calls and the upside is limited, selling a higher strike price call against the position might make sense in a buyout situation. On the other hand, if the upside is huge and you already have a large profit, you may want to buy a put to protect your profits and still have most of the upside.

Or, it could just be a lame excuse. <g>


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