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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Jean M. Gauthier who wrote (4849)	1/20/2000 4:47:00 PM
From: Bill Holtzman	Read Replies (1) \| Respond to of 24042

Dude, you're the man! I turned my Mar 320 (now 160) calls into stock and you can do the same. Forget about exercising them. Just sell your options and buy as much stock as you can whenever you want to. You spent about $10g and what is it worth now? A lot! 4 Jun 120's are probably worth $50g. So you could easily buy 200 shares today. If you want to know what I'd do, I'd probably convert 2 of them into stock right now.

To: Jean M. Gauthier who wrote (4849)	1/20/2000 5:27:00 PM
From: t2	Read Replies (2) \| Respond to of 24042

Slightly OT--Jean, About the call options. They probably can't be put into the RRSP at cost. I believe you will be "deemed" to have disposed of them at fair market value. That is, you get taxed on your gains!! The only way to avoid paying the tax this year is to excercise them. Since they are deep in the money American options (assuming you bought in the US), you could even excercise them now. That would allow you to sell covered calls if you want to be cautious. Of course the sale and possible repurchase of calls would generate a loss or gain. However, it keeps most of your gain shielded from tax in the short term because you would not be selliing your shares.