Replies to Post #2766 on°¿°

Replies to #2766 on °¿°

10/05/08 11:32 AM

#2849 RE: Myself °¿° #2766

AnderL Im looking at this GE deal with Warren...
Correct me if I'm wrong...
He doesn't start loosing money "On Paper Based on PPS Price Per Share and special 10% divi"
until GE falls 10% from 22.25 ~ 22.50. But then he's still really not losing because he hasn't sold and he is collecting the special divi.
GE PPS 22.25 ~ 22.50 -10%
I'll use 22.50 -10% = 20.25
But since He really isn't loosing money
"because he hasn't sold and he has PPS protection with the special divi"
he could wait for another 10% drop before he adds to his position.

I don't really know whether or not the boys met their quota for distribution... I have a hard time keeping track of that sort of thing...
But I would think more shares could be distributed above friday's high only to be met with some sort of resistance...
for some odd reason "unknown"... and eventually fall -20% from 22.50 = 18? somewhere down the road.

Thinking this...
...I started looking at options
I forgot ya can't short this... low and behold options express reminded me.
It doesn't say anything about selling calls "for a short position".
This all makes me wonder why I would want to be long anything except for a relief bounce.

All this was rolling around my head yesterday and figured I better ask you for your thoughts.
Thanks in advance!!!

http://www.optionsxpress.com/OXNetTools/Chains/index.aspx?SessionID=&Symbol=ge&Range=4&lstMarket=0&ChainType=&AdjNonStdOptions=OFF&lstMonths=&FromVB6=True