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Technology Stocks : Intermedia Communications ICIX
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To: Kingpin who wrote (81)2/9/1998 9:49:00 AM
From: Steven Bowen  Read Replies (1) of 313
 
Steve, Kingpin, one word of warning here FWIW.

I bought options of Teleport a couple weeks before the deal with T was announced believing either a) a deal was eminent or b) they'd split the stock.

Well, of course the deal happen but the stock fell $5 on the news and I lost 10 grand over night.

ICIX might be in a similar situation. It's been on a heck of a run, fired mainly, at least as far as I know, by takeover rumors.

Just make sure the takeover doesn't occur at $60 a share.
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