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Non-Tech : CompUSA (CPU) -- Ignore unavailable to you. Want to Upgrade?

To: Qiang Lin who wrote (3156)1/25/2000 11:35:00 AM
From: Sean Salisbury  Read Replies (2) | Respond to of 3187
 
Those that have options:

You have three choices.

1. Sell for what you can get on the open market.

2. Exercise prior to the close and take $10.10 sell price.

3. Wait and hope that another offer comes in higher.

If your strike is $10, I think it is worth the .10 or 1/16 or so bid to wait and risk 100% loss to have a chance at more.

Those with a $10 strike price or better were ripped off and should complain to the SEC and CBOE to change regulations regarding cash buy-outs.



To: Qiang Lin who wrote (3156)1/26/2000 11:26:00 PM
From: TH  Read Replies (1) | Respond to of 3187
 
Qiang,

I agree, but I am glad the longs got a nice return now and can put their money to work on something that could be productive.

I sold so my loss was a final one.

Good luck on all your trades.

One final note, I was looking forward to seeing Halpin resign this November when the stock did not return the promised value. This would have made me happy.

Thurston


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