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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Simon who wrote (37147)	12/15/1999 11:10:00 PM
From: Daniel	Read Replies (1) \| Respond to of 45548

> And please explain how does a shareholder short a yet to be distributed share? You sell short to lock in the current price, and then wait for the to-be-distributed share. When you get it, you close out your short position by turning in the distributed share to cover the shorted (borrowed) share. Daniel

To: Daniel Simon who wrote (37147)	12/16/1999 8:13:00 AM
From: David Lawrence	Read Replies (1) \| Respond to of 45548

The other Daniel answered your second question. As to your first, the volatility will be great for traders, and not necessarily a bad thing for the longs as long as the trend line is up. Plus, there will be two series of options trading once an ex-distribution date is announced, since some options will begin trading sans Palm rights, including some that are already outstanding. I used to deal with this frequently when I owned SFE, and it can be pretty damn confusing at times. BTW, I'm damn cheerful <g> but somewhat war hardened when it comes to this stock. I've got shares with a cost basis anywhere from $3.65 to $38.50. It's nice to finally have 'em all in the black again.