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Technology Stocks : IDTC Options Players (losers and whiners)

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To: Tony A. Matthews who wrote (470)3/27/2000 3:34:00 PM
From: Steve Fancy  Read Replies (2) of 593
 
Hi Tony, great to hear from you...hope all is well. I appreciate your thoughts and want to respond later more fully. I set the dawwwg issue aside momentairly and am picking up a position of WCOM JUN 37.5's. Trying at 7 5/8, but looks like I may have to go 3/4. Stock looks like a great value at 42-43...down to where it was beginning of 99. Trading at about 17x forward earnings projections. PW has #1 buy on it.

Now back to the dawwg...as you know I agree with you fully, other than walking away from something I believe has some upside in it that I have followed for what seems like 10 years, even though it's only been a little over a year. I'm having a pretty good day, so I'm going to do another of my unusual gamble trades with half a position of IDTC something. I still think AOL deal is coming, but wouldn't surprise me if it's somehow less than many imagine. What the heck though, with options it's not like I'm putting much on the line, comparatively speaking anyway. Sorry you missed the couple additional points today. Not sorry I did<g>.

Incredibly, most everything on my screen today up. ONE and CS my biggest winners, both could be breakouts. Can't seem to find explanation for ONE move...speculation CEO announcement right around the corner. It popped a very unusual 2 points at 1:20, and took out 30 sometime since. Thanks to averaging at 26 and 24 I have almost a full block of these things.

sf
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