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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Pete Mimmack who wrote (21225)1/25/2000 7:07:00 PM
From: Tony Viola  Read Replies (1) | Respond to of 25814
 
Pete, thanks. Wow, that is fast!

LSI must be very confident in the near term (year or two). The downside to splits is of course, like the following scenario: If you split to the 40s, and then there is a tough correction in the market, and you have just one bad quarter, I don't want to think about about where the stock could go. I'm sure Wilf and co. have gone over these exercises.

Tony



To: Pete Mimmack who wrote (21225)1/25/2000 9:12:00 PM
From: country boy  Respond to of 25814
 
Pete and others:

Having traded only semi's for the last four years (mostly bad semi years), I've never held calls over a stock split. When the stock splits, so do the call contracts---only thing is, the time value on Feb. calls will greatly erode by the 15th---current premium on LSI is about 6 bucks.

Any ideas on how best to handle calls never intended to exercise?

cb