Broadcom (BRCM) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Broadcom (BRCM)

BRCM 54.67

0.0%

Feb 9 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Phil(bullrider) who wrote (994)	3/6/1999 12:09:00 PM
From: Keith A Walker	Read Replies (2) of 6531

Phil, Good question: Why not simply sell, as you know you can always go long anytime you want to. By shorting against the box (the equivalent of buying a put) I protect my downside, don't take a loss on my long position, and cover when I feel that the stock will pop, hopefully not too late so I don't take a loss on the short leg of the box. I believe it is neutral to margin requirements, so it is a short-term way of raising some cash. Someone else correct me here if I am wrong. My broker at Merrill actually thinks this is a fairly smart manuever, but, hey he does well because of the trading activity. It gives me peace of mind, and I don't have to race time with a put. Any other comments on the overall tatic of shorting against the box?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next