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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.13

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2:43 PM EST

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To: Sowbug who wrote (11393)	1/7/1998 5:16:00 PM
From: Gerald Walls	Read Replies (1) of 77400

A while back I bought one Jan 80 call contract @ 2'15, before the 12/17 stock split. $80 is $53.33 post-split. A few days ago I sold the contract for $6 for a gain of 3'1, and it was only when I got my trade confirmation that I remembered/realized that I now owned 1.5 contracts for every presplit contract, so it was really a gain of 6'1. That filled me with glee. I believe that options normally split with the stock when it's an X:1 split. The reason that these were for 150 shares/option was that CSCO split 3:2.

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