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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (56401)4/18/1999 8:53:00 PM
From: Don Lloyd  Read Replies (1) of 132070
 
MB - (Prior to this news, Compaq stock had been the hero of this put cycle for me. This is partly due to brilliant timing on my part and partly due to a lucky mistake. I bought my original puts near the high on the stock and noted it here. That was brilliant. It dropped to $40 and I rolled 45s and 40s to 35s. Then it bounced and I bought more 40s. When it fell to 40 again a few days later, I planned to roll down to 35s. However, instead of selling my 40s, I made one of those occasional errors you will make using an online broker. I bought more 40s instead of selling the ones I owned and then bought the 35s. So, when the fall to the mid 30s took place, instead of having a dandy position in 35s, I also had 2/3s in 40s.)

A likely story. Since everyone knows the market is efficient, you must have had inside information before you bought those puts. You're just trying to set up plausible deniability before EP turns state's evidence. What's the SEC compliance tip line number? -g-

Regards, Don


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