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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: 4finger who wrote (6841)	9/10/1999 3:54:00 PM
From: R.E.B.	Read Replies (2) \| Respond to of 8358

At this point I would consider buying some more OCT $20 calls for a buck. I see a lot of upside potential and little downside risk. Plus, I can control 5,000 shares for only $5,000 rather than $90,000. If we get to September 24th and there is no movement in the stock, I would be tempted to close my position on the Octobers and buy Novembers if the fundamentals still look this good. That's how I'm gonna play it. If the stock falls, I lose my option, but at least that's all I lose. At this point, I think $17 1/2 is pretty solid whereas the shortterm upside could be $22 even without a buyout. But we need to get past these sellers at $18.