Audio and Radio on the Internet- NAVR Message Board

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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Rajiv who wrote (11156)	3/11/1999 11:31:00 AM
From: Rajiv	Read Replies (1) of 27722

For the record... I am not currently net short/long NAVR (I have played both ways in the past) At the moment, I have a boxed position (short and long the same number of shares). This is essentially a market-neutral position. I will not be making or losing any money based on NAVR's movement. The reason for having a boxed position is bit complicated for a non-shortseller to understand.. I also have a small short position of the NAVR March 12.5 puts (note - not the call options). I sold them a couple of weeks back when the premiums were much higher. From this position, I stand to make the most money if NAVR stays above 12.5 next Friday (the puts will expire worthless). My position can change very rapidly. I categorize myself as a trader. Regards. Rajiv

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