PKGP (Packaging Plus) Message Board

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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: FARcom who wrote (2723)	5/31/1998 12:14:00 AM
From: TraderGreg	of 4783

Seems your OK..looks like a short against the box, except your broker let you do it with a BB stock. At this point, you are locked into a (.105 - .052)= .053 profit. If the stock goes to the moon, you cover with your long position and walk away with .053. If it goes to .025(I hope not!!), you cover at .025 , giving you (.105-.052-.025) = .028 profit plus your original shares, which at a value of .025, gives you .053. Whether the stock tanks or takes off, you still got the stock plus the .028 profit from the cover at .025. TG

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