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Technology Stocks : Network Appliance

NTAP 111.56

+2.1%

Nov 28 9:30 AM EST

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To: Miguel Octavio who started this subject	12/6/2000 11:54:13 AM
From: gingersreisse	of 10934

NTAP call premiums are very cheap right now, suggesting many (potential) buyers don't think the rally will hold. January 95, 100s, even some December in the money positions. Bought out of the money NULLM (DC65 calls) a few days ago, now selling some to exercise the remainder, my cash cost will be about $40 per share. The temptation with NULLM below $1 was too great to believe the end of the world was nigh. GSR

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