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Technology Stocks : Veeco Instruments-Who? -- Ignore unavailable to you. Want to Upgrade?

To: Mark Ivan who wrote (2546)	11/12/1999 7:16:00 PM
From: All Mtn Ski	Read Replies (1) \| Respond to of 3069

Perhaps it was Schwab's own account, and they forced assignment to generate more commissions? I really don't trust any of the Financial houses, because I used to work for one!! <BG> Have a great weekend!! Tom

To: Mark Ivan who wrote (2546)	11/12/1999 11:24:00 PM
From: Carl R.	Read Replies (1) \| Respond to of 3069

Perhaps the holder is planning an extended vacation and wants this off his mind. Yes he could have waited for expiration, but he didn't. He may not be a financial wizard, but just knew he wants the stock. Or maybe he is a big margin player. The option is not marginable, but the stock is. Thus with VECO at 47 he has $1800 in equity tied up in owning the option, but at 35% it only takes $1650 to hold the stock. It really doesn't matter what his reason is; sometimes it happens (though it has never happened to me yet). Worse than the commissions, it could force you to recognize some gains on the underlying stock. Carl