When you indicate a "buy" point in your report that is identified as a "downside" play, does this refer to short selling the stock at that "buy" point? Since you have a buy and sell point, I was under the understanding that it was a buy point to short-sell the stock and buy it later at the lower price target. Is that correct? (February 15, 2003)

  We usually are buying puts when we play the downside as we like to trade options on many plays as our total risk is defined going into the trade. Thus on a downside play that has a 'buy point' that is referring to buying the put option. We have looked at changing the 'buy' point to 'enter'. Let us know what you think to make it easier to understand.


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