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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 72.34-2.9%Nov 4 3:59 PM EST
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To: freeus who wrote (20423)1/7/1999 9:35:00 PM
From: Brian Malloy  Read Replies (1) of 77397
 
It appears we are in a similar situation:

I have some JAN40 Y2K (225 Shares) LYLAH which I will have held for two years by Mar '99. Thankfully they are in my Roth IRA now.

One option that you may have not considered is to sell your LEAP once the 2003 CSCO LEAPS are out. You will probably be able to buy several depending on the strike price you go for. Then continue to sit back and let Chamber's et. al. and the growth in the internet take you to higher gains.

Another good exercise is to do a little paper drill.
Take the initial investment amount that you used to buy your LEAP. See what CSCO was selling for on that date and assume you purchased the shares. Now give yourself the splits that have occured and see how many shares you would have owned if you bought the stock.
Finally, take the value of your current LEAP convert to cash and see how many shares it would by at today's closing price. I'm sure you will see that holding onto the LEAP has garnerd more shares.

Also, be sure you have the right number of shares that represent your LEAP. For example, my LYLAH contracts represent 225 shares and not 100 shares. Some brokerages are not able to do the appropriate calculations

Best of Luck
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