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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: cirrus who wrote (6314)6/10/1999 2:15:00 PM
From: Trey McAtee  Read Replies (1) of 8358
 
tom--

i am in a bunch of common, covered with puts. if it falls below 14 i go net positive on the put position. the common was acquired around 8.

WSTL is still the same pile o shit it always was. i have been trading the position we had, whittling it down over the last 9 months and returning the position to profit (though it was scant<G>). its a skeleton position now, just enough to keep me reading the board occasionally.

CS has done well, but over the last two weeks it has become very odd. it seems like its being set up for a fall, but who the hell knows.

good to hear from you.

good luck to all,
trey
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