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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (9888)8/10/2000 7:39:03 AM
From: Lucretius  Read Replies (2) | Respond to of 436258
 
exactly, the writer of the put covers his hedge (assuming he put one on...) semantics is important when trying to determine what another party understands... and that was the point.... we are NOT arguing about how a put contract works. i think we both know that rather well.. hence we are not clowns -g-



To: John Pitera who wrote (9888)8/10/2000 9:53:37 AM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<Luc, the entity that is long those puts now has the short
position in CSCO.>

Again, I wasn't privy to the trade, but how do you know?? It may [probably is IMO] a fund with a boat load of stock.

DAK


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