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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (90667)	2/3/2005 1:15:30 PM
From: olivier asser	Read Replies (1) \| Respond to of 122087

Here they are: 1. 48 March 170 Puts at 2.72 average 2. 25 March 110 Puts at 0.50 3. 45 March 90 Puts at 0.10 Earlier I had a 5 March 220 Calls at 4.90, sold them at 8.08 average, and rolled the proceeds into the 170 Puts. That was the hedge. By the way, the March GOOG OTM (out-of-the-money) options with the largest open interest figures (i.e. total positions) are: 1. 125 Puts = 10,526 2. 230 Calls = 10,104 I had the 125 and a few other puts earlier, but sold and added to the 170's. I took the first positions on Monday, little early obviously but that was a risk, did not want to miss a tank as for example EBAY did not wait. GOOG is more methodical so far, we'll see if I got it right enough in due course. Oliever, which Puts did you purchase

To: StockDung who wrote (90667)	2/3/2005 1:33:22 PM
From: olivier asser	Respond to of 122087

I'll also post an exit. Keep in mind these puts have seven weeks to run.

To: StockDung who wrote (90667)	2/3/2005 1:46:25 PM
From: olivier asser	Read Replies (1) \| Respond to of 122087

Incidentally, many here believe that whether or not traders who were defrauded were expert traders has a bearing on damages, i.e. they were loser traders and so deserved to be defrauded. It's in fact the reverse: at that time, traders who sought guidance paid the IA's for advice. Now, we're not talking a casino here, these are the stock markets after all, but even in a casino there are laws against marking cards, magnets in the roulette wheel and loaded dice. Keep that in mind. Further, Philip Berber disseminated a great deal of investment advice here at SI, and through his intimate - though never disclosed - payment arrangements with the IA's, which made him under the Investment Advisers Act what is legally defined as a person-associated-with-an-investment-adviser, who in a material way exerts control or influence over the securities recommendations. Berber's advice is interesting, considering that, according to his own public statements, when he reaped his ill-gotten gains of more than $350 million in stock, he held one position in that stock without diversifying and promptly lost 50%, in this case FIFTY MILLION DOLLARS. Nice trade! And this man was controlling investment advice all over the Internet, running a brokerage firm and de facto running the IA's, all without any brokerage license nor being registered as an investment adviser.