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Technology Stocks : Macromedia...making a comeback?
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To: Patrice Gigahurtz who wrote (1743)9/7/1997 2:13:00 PM
From: Elwood   of 2675
 
Hi Patrice,

I was thinking about those calls this AM, and what is represented in the price is 100% time value. There is no intrinsic value (ie in the money), and I would guess that is some pretty bullish sentiment on MACR. Did you write agains your entire MACR holdings?

E
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