COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00160

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Jan 9 9:30 AM EST

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To: Scrapps who wrote (11307)	1/5/1998 10:32:00 PM
From: David Lawrence	Read Replies (2) of 22053

>>$10,000 into 1 million in three months or so Huh? No way, unless they bought near-worthless options that suddenly became very valuable. For example, a stock trades at $30. You buy 400 3-month out $40 call contracts for 25&cent, or $10,000. At the end of three months, the stocks has doubled to $60. You now control 40,000 shares with an intrinsic value of $20, or $800,000. Possible, but damn unlikely, and hugely risky. Any specifics on how they did it?

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