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Pastimes : All Clowns Must Be Destroyed

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To: patron_anejo_por_favor who wrote (37540)6/2/2000 7:02:00 PM
From: re3  Read Replies (2) of 42523
 
patron : if you short 100 shares of jpm at 140, you stand to make a max of 14k

if you bought 2000 shares of hm at 7, that is a cost of 14k.

however, if jpm WERE to go to 0, then isin't it highly likely that hm will be at least 14, if not much more. at 14, you'd have made the same 14k.

so isin't it more prudent to focus on gold, which is a put on pretty much everything on the long side anyway (but doesn't expire or deteriorate in value in the same way ?)
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