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Technology Stocks : WCOM

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To: ISP_Investor who wrote (4882)8/15/1999 9:47:00 PM
From: Maven  Read Replies (1) of 11568
 
To ISP Investor, thanks for the suggestion about buying Sept 75 puts. And thanks to JM and Tunica for relevant postings.

In light of the surprising runup on Friday, it's difficult to predict what WCOM will do tomorrow. The negative publicity has been all over the media and may impact the price Monday morning, but this too will pass if the problem has been fixed. More threatening may be the forthcoming lawsuits, and in this litigous society, we should anticipate a flood of legal suits. Buying those puts may be a smart hedge.

RSSheldon
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