skier- you wrtoe:

"Good thing for you that Musky didn't take your bet on shorting GNH when it was at 68 last time. He could have done quite well for himself."

It actually wouldn't have made any difference to me from a trading perspective as I was placing a "put order" which would have allowed me to buy at a discount to his short position. My price was locked at the time of the offer as a discount to the - then trading price.

That's why I had no problem making the offer to him. The risk was all his as my position was confirmed at the "put" order. He would have done well selling his short position now. do you see the advantage to a short and a put! Can make you a lot of money on a short and save you a few points if your going long anyway!

cheers..........Carry