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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?

To: donss who wrote (556)	1/6/1999 9:40:00 PM
From: Brian Malloy	Read Replies (1) \| Respond to of 6531

Good Googlymoogly!! I just walked in the house after a long long day on the job. I had not heard anything about the markets today. I fire up the PC come to Techstocks and now I'm wide awake!!! Everything I own is up big. What a day, What a day, What a day

To: donss who wrote (556)	1/7/1999 6:57:00 AM
From: Mark Woolfson	Read Replies (1) \| Respond to of 6531

Don, I am new to options. Today being a new day I see things a little more clearly and I believe I may have been mistaken. How do you know the puts are shorted? Or naked as they say? 1- If the put contracts are selling for less than he paid for it there is a paper loss, not a gain. OR 2- He can buy back the put contracts between the current bid/ask and he actually received more money when he opened the contracts than paid for closing the contracts. Which is right? Mark