Gorilla and King Portfolio candidates - Moderated Message Board

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Strategies & Market Trends : Gorilla and King Portfolio candidates - Moderated

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To: Uncle Frank who wrote (2763)	8/23/2010 5:21:50 PM
From: Uncle Frank	Read Replies (1) of 2955

Kumar, it's been a couple of weeks since you alerted us to a developing trade opportunity with HPQ. It's impossible to call a bottom, but I'm feeling it's nearing the bottom of its range. Accordingly, I wrote September 39 strike price puts this afternoon. I received a premium of 1.20/sh., so if stock continues to droop, I'll own it at 39 - 1.20 = 37.80. But if it closes at 39 or higher on September 18, I'll be happy to just keep the premium. Good luck to us all.

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