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Bruce A Thompson

07/08/04 1:22 PM

#266828 RE: Zeev Hed #266811

More in the continuing COMPX options story

Good news bad news.

Bad news first. Turns out that the MTJ IT calls are the mini's. That means instead of 2 contracts being 200 @ $31 for $6200 it actually was only 20 @ $31 for $620. I was wondering where the extra 5 grand came from. Now I know. ()g)

Now the good news. The full contracts are actually CHQ IT and are trading today for $5.50. I just bought 4 of them for $2200 or 1/6 of what I would have paid for them a month ago.

My thanks to Allsmall for bringing this to my attention this morning>

BT