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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Bear Down who wrote (4305)10/19/1998 2:04:00 PM
From: Sir Auric Goldfinger  Read Replies (2) of 18998
 
Patented Pinky Reverse combo is the sale of a call to finance the purchase of the like put. eg: we sold the Nov 45 calls and used this money to finance the purchase of Nov 45 puts. The net effect is that we have the exact equivalent of a short on a hard to borrow stock that in our opinion is going south soon.

It is Pinky Patented because the press referred to Pink's use of it as a "sophisticated shorting methodology."
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