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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside.

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To: Rick Smith who wrote (129)6/27/1997 1:54:00 AM
From: CLAUDE JOHNSON   of 802
 
Rick,
I had promised to ask my broker to get some more info out of his contact at FSCX. He phoned the guy and got the response that he is no longer close to Madsen (I believe he just was a contractor for him personally). I have done my part to corroborate what rumor exists, albeit failure to produce anything positive or negative.

Now I ask for your part to inform of what looms ahead that you know/hear about. Supply whatever caveat necessary. With this news, I can settle on my strategy. I just chickened out of buying calls and sold the Oct 7.5 puts at 1 1/2 instead. Already producing a profit after today, but getting into some August 7.5 calls below $1 would have been much nicer (If I had a better understanding of what the future might hold)!! I would fully share, not to leave anyone short on information, if I had any news whatsoever. Please keep us FULLY informaed as you have done so well, with the exception of this one tidbit. Thanks either way.
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