Cabletron Systems (CS: NYSE) Message Board

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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: Captain James T. Kirk who wrote (3721)	5/28/1998 11:14:00 PM
From: Rob Skaff	Read Replies (1) of 8358

Multi millionare, Kirk... Sounds like you're in an option position, and from your postings I'd guess you are in about 1000 October 15 call contracts looking for a takeover around 30. Am I reading that right? I'm holding a smaller position, but I bought 50 July 15s just before close... Will try to buy another 50 tomorrow.. I think this is one that will be taken over... and soon... I'm guessing the price is low to mid 20s... nice activity at the day's end... All the bad news has come out and there is limited reward shorting the stock at this point with HUGE risk... people shorting this now are like those people who went long on silver at 40/ounce in 1980 -- course most of them are still holding it now unless they already incurred their huge loss... Let's hope we have strong activity, push it above 15, and see take over in the high 20s...

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