Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (24293)	10/17/2002 10:58:58 AM
From: TobagoJack	Read Replies (1) of 74559

Hello Pezz, Tonight's Report: (a) purchased IPG quote.bloomberg.com at US$ 10/shr, (b) short sale IPG April Put strike price 10 (.ipgpb) at US$ 2.2, and (c) short sale IPG April Call strike price 10 (.ipgdb) at US$ 2.05/shr. I know nothing about IPG, other than fact that they are in advertising, down a lot today upon disappointing a lot of shareholders, is tied to consumer fortune, and may do as many did go belly-up in early 1980s. But, hey, so is the Yen I borrowed to buy IPG with:0) The simple and elegant trade may generate one month's worth of living expenses (if I cut back), pay for a nice holiday (if I dare to go anywhere) or one year's worth of interest on the total JYen loan (no need for further qualifications). It doesn't get better than this, does it:0? Chugs, Jay

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