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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: TechMkt who wrote (11533)5/29/2001 1:15:08 PM
From: jopawa  Read Replies (2) of 15615
 
The collar appears to confine us to a trading range.

Not good enough, I want you to explain in detail how you think he's capped the stock.Is that too much to ask? The statement by PCG says they will still participate in the "majority" of any price appreciation. It says nothing about capping the price appreciation as you are surmising. It's clear he didn't just outright write calls on the 10 mil shares.
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