Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.005

-6.9%

Nov 19 3:59 PM EST

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To: Alfredo Nova who wrote (11989)	1/19/1999 3:52:00 PM
From: Steve Fancy	Read Replies (4) of 22640

Alfredo, a great example of put selling when you want to own the stock... I had sold my CPQ stock in the panic last week as it started dropping like a rock. CPQ is my favorite stock next to Brazilian Telcos...I want the stock back as part of my core holding. I just sold 15 July 47.5 puts at 6. This way I either end up banking 9K, or end up purchasing the stock at 41.5. sf

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