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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (846)	4/27/1999 11:27:00 PM
From: Bill Wexler	Read Replies (4) \| Respond to of 10293

The point I was origianlly trying to make is that there is so much premium in the put that you could make an interesting return by shorting the stock and simultaneously selling the put. Example you short ZONA at 24 and sell the June 25 put at 5. If the stock ends up between 0 and 25, you make a 30% return (assuming 50% margin); furthermore, you protect your position up to 30 a share in the (near certain) event that Matt Geller, Greg Georges, Jeff Opedyke, etc. etc. issue yet another round of phony reports or misinformation to drive up the price.