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Technology Stocks : TranSwitch Corp: Will they get Zenith Business? -- Ignore unavailable to you. Want to Upgrade?

To: Gustaf who wrote (454)	10/24/1999 9:03:00 PM
From: SJS	Read Replies (1) \| Respond to of 669

Well....Don't let me stop you. I am long this stock so your purchase helps all the longs... However, that has nothing to do with buying 55 calls, which was the original point you made. Sure the stock will increase in value, but I don't think it will get to 55 in 3 weeks. If you're buying the calls for a trade (like a double or at least a 50% move) then make sure you look at the option delta to see how many points you'll need in the stock to move it. Gosh I hope you're right, but I'd bet you're wrong. Who knows, I may even be the guy selling you those options! <g> Steve

To: Gustaf who wrote (454)	11/11/1999 7:50:00 PM
From: SJS	Read Replies (2) \| Respond to of 669

Well Gustaf.....Here we are. 56 and change. Hope you made money on those options, and I gotta admit it's been a HUGE run (like everything else). I frankly didn't think TXCC would do it. If you bought the 55 call options at 1/2, you now have a 6 bagger at 3. So it's now 9 record closes in the last 10 sessions for the NAZ. Will TXCC close at 55 next week.......or push to 60 and close there? Congrats on a long range, and apparently very good crap shoot call. No 7 out this time. Steve