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Strategies & Market Trends : Option GEMS - Hot Options in Booming Companies...

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To: Jenna2 who wrote (3)7/26/1997 11:55:00 PM
From: Walter High   of 396
 
Jenna:

Glad to see your interest in FTU Aug 100 options. I bought these a few weeks ago at 2 1/2 and it was making a nice run until First Union bought up a Virginia bank which dropped the stock almost 10%. It has nearly recovered all that ground in just a few days, though, and is going to split next Thursday. The word is that FTU will be making money from this acquisition within 4 months, so the hit was just from scared investors dumping when they probably should have just held on.

If you have any analysis of FTU, I would like to hear it, either here on on the FTU thread. Thanks.

Walter High
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