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Technology Stocks : Newbridge Networks
NN 13.98+0.9%Nov 26 3:59 PM EST
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To: gbh who wrote (14672)11/18/1999 12:42:00 PM
From: WTSherman  Read Replies (1) of 18016
 
If you want to speculate on a buyout or rise from rumors of such look at the Dec22.5 calls. Right now they're about $1. If there is a buyout offer in the next month these are probably worth $10+. If there isn't any offer put on the table in 30 days its probably because TM has made clear that only a sky high offer would be considered and he's trying to discourage any offers without saying "NO", which he no longer can do.
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