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Technology Stocks : Worldcom/Wcom
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To: JB who wrote ()12/19/1996 1:43:00 PM
From: M.A. Miller   of 26
 
I see heavy buy calling and put selling for January contracts. Couldn't this be many people who bought Wcom at higher prices earlier in the year, want to take the tax loss, but to keep your loss you can't buy back the stock for 30 days, therefore because they still want Wcom but want the loss too, the sell the stock, and then buy calls or sell puts so they still good the benefit of continued ownership.

If there was true take over talk, the stock would be up, not down. I think this is a short term drop related to other factors, as well as weakness in LCI, even though LCI and Wcom/MFS are no longer similar companies.

Any thoughts.
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