Silicon Investor (SI) -- The First Internet Community

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.

Microcap & Penny Stocks : PKGP (Packaging Plus) -- Ignore unavailable to you. Want to Upgrade?

To: FARcom who wrote (2723)	5/31/1998 12:14:00 AM
From: TraderGreg	Respond to of 4783

Seems your OK..looks like a short against the box, except your broker let you do it with a BB stock. At this point, you are locked into a (.105 - .052)= .053 profit. If the stock goes to the moon, you cover with your long position and walk away with .053. If it goes to .025(I hope not!!), you cover at .025 , giving you (.105-.052-.025) = .028 profit plus your original shares, which at a value of .025, gives you .053. Whether the stock tanks or takes off, you still got the stock plus the .028 profit from the cover at .025. TG