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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (5084)	12/29/1998 7:56:00 AM
From: dealmakr	Read Replies (1) \| Respond to of 43080

AlienTech, And you think I am kidding. These are the same people who lost 50K worth of JBL puts. I had bought JBL last year at 42, and then bought the @ 45 puts, earnings didnt workout, stock tanked. Logged on the following monday, stock was still there but puts disappeard and got a margin call. Told me I didnt call and excercise it so they didnt do anything and the puts expired worthless. Yea it worked out, but my poor ticker almost went out there. Just a question. How deep in the money were those puts? If they were 3 points, should have been auto exercised by the exchange. Good Trading Dave