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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: edamo who wrote (6298)	9/13/1999 3:44:00 PM
From: PAL	Read Replies (1) of 54805

ed, I am doing well with QCOM put options, I was short a bunch Sep150 puts. Yesterday I was sure they would expire worthless. This morning's decline made me close the position by swapping 5 puts Sep150 with 1 put Jan150 with some money to spare. This would avoid any margin call (still far from it), and grab a sure profit. The market is behaving funny with this pull out from Cowen's conference. BTW, I am already up to my neck shorting on Jan 150 and 160 puts. Will use the money to celeberate "surviving the Y2K" ... best regards paul

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