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In a message dated 97-12-15 13:01:27 EST, meyer@xxxxxxxxxxx writes:
<<
I am in at 58 15/16 long and at 52 short. At this time, I have no
intentions of covering this short. Since the market is as bad as it is,
I will ride the long side up trading along the way. I have enough cash,
in the account with the short, for another 38 points up, if that is the
case. >>
Harley : )
Do you know what a "put" option is?
Cover the "short" and by a protective "put"...also enter "stop loss" order
for double protection.
Sell 1/2 your long at 68 and the other 1/2 at 78 +/-
When you say "the market is sick"...what you realy mean to say
is that "Harleys percecptions is that the market is sick".
Harley's perception is Harlelys perception.
The Market is going to do what it is going to do....and probably
no inquire of Harley.
If all else fails.....Get a bike or take a hike! (grin)
Thanks for the chart....and the analysis....Looks good to me!
GerryB/jer33:3
eccl 1:9
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