MCI Communications (MCIC) Message Board

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Technology Stocks : MCI Communications (MCIC)

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Jan 13 12:10 PM EST

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To: shoe who wrote (1617)	4/24/1998 9:22:00 AM
From: David R. Colby	Read Replies (2) of 1692

John, This is not only directed at you, rather anyone out there with suggestions. I need advise, help, or comment: Here's the nut: Couple of months ago I sold a bunch of JAN 50 covered calls. I thought the government would delay this merger 'til after first of the year and that WCOM would not rise above the collar as rapidly as it has. I would pocket the premium, still have the MCI stock and become a happy WCOM shareholder. Well, now I am worried. Still want the WCOM shares but am worried I'll get a call. When would anyone buy-back the 50 MCI calls, or what is the next follow-up move? Any thoughts on this would be great. dave colby

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