zdreg
Registered: Oct 2003
Posts: 8340 |
02-08-12 04:09 PM
Quote from Churchill:
@zdreg yes, I mean bought back the options...close out the position.
Theoretically unlimited loss is somewhat meaningless, but I and others use it as another way of saying a huge potential downside.
The fellow who bought the calls is now up roughly 3X plus his money, assuming they are still holding. Not bad in such a short time. (Yes, I know that his 90 contracts could have been split amongst multiple buyers, etc.)
"Theoretically unlimited loss is somewhat meaningless, but I and others use it as another way of saying a huge potential downside."
you and every business journalist or financial adviser who says that short selling should not be part of an investor's tools.
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