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Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: Alejandro who wrote (4838)	8/5/1999 12:11:00 PM
From: Pat Hughes	Respond to of 6846

This internet correction is the healthiest thing this market has seen for a long time. When the dust settles, there will be money pouring back into those tech stocks with real profits and realistic prospects going forward. Now is a great time to buy QWST.......I just don't have any money to do so!

To: Alejandro who wrote (4838)	8/5/1999 12:49:00 PM
From: Larry Livingston	Read Replies (2) \| Respond to of 6846

Very easily. If they didn't like the deal all they had to do was short QWST when it was at 38 and they are out. They lock in the full spread and are able to collect their dividend until the deal closes and have no downside. The further QWST falls within the collar the more they need to short, as they would receive more stock. This would exert continuing pressure all the way to the bottom of the collar. In fact they stand to gain the further QWST falls and if the deal fails to materialize they just cover their short at a huge profit and they 're still holding their US West stock.