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Removing a Hedge

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By Richard Suttmeier | 02/23/06 - 10:11 AM EST
Stocks in Focus: SMH

After you receive this alert, I will be covering the hedge position in the Semiconductor HLDRS (SMH:Amex) for a small gain. Shares are trading around $37.20.

With Intel (INTC:Nasdaq) the only semiconductor stock left in the model portfolio, this short position is no longer needed. In addition, when I talk about semiconductors in my RealMoney columns, I will be discussing the SOX and components in it, not this exchange-traded fund.

Regards,

Richard Suttmeier

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