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Technology Stocks : Sprint Nextel Corporation (S)
S 15.08+0.6%Dec 12 9:30 AM EST
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To: slacker711 who wrote (338)9/25/2000 8:25:13 AM
From: Cooters  Read Replies (2) of 1691
 
Slacker,

I think you are right on the money. I have been picking up 03 LEAPs on the decline, in addition to a few more shares. The 2003 50's are around 3 1/2 and the 2003 60's are about 2 1/2. Both a steal for the future I envision for PCS.

I have one question on the 2003's. If there is a takeover in the interim for stock, particularly at these fire sale prices, I assume the LEAP would convert to the new stock. If the takeover is for cash, however unlikely, I suspect I'm screwed. Any other opinions.

Cooters
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