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Technology Stocks : Compaq
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To: Bipin Prasad who wrote (31058)8/18/1998 1:01:00 PM
From: Jimbo Cobb  Read Replies (2) of 97611
 
I guess you don't understand naked puts, Bipin, I SOLD 5 put options on CPQ...I didn't BUY them....I sold them because I thought CPQ would go UP, not DOWN !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I am making money on CPQ going up, not losing money.

Thanks anyway for your concern.

Of course, I'm not making as much money as Mr. Big Shot and his 28,000 shares that he loves to brag about.

3.
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