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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (2257)	2/5/2000 3:33:00 AM
From: cthruu	Read Replies (1) \| Respond to of 8096

Hi LoF: This is a follow up of my post on Jan 31 when we talked about WCOM LEAPs. Do you still have them? NT has gone from 95 1/2 on Jan 31 to 119 1/8 closing today and uptrend is strong. WCOM has dropped from 46 to 44 3/8 and downtrend is intact. PCS and GBLX are essentially unchanged, RS is strong for both. PCS splits on Monday. I do not think WCOM will see its Nov high any time soon. You may want to rethink about those WCOM LEAPs. Regards: GP

To: SecularBull who wrote (2257)	2/5/2000 8:12:00 AM
From: kcmike	Read Replies (1) \| Respond to of 8096

Question for the thread .... I own Jan '01 COMS 55 Call options (or Leaps). COMS is spinning off the PALM IPO in the next month or so. Within 6 months or so after that, they plan on distribution PALM shares to COMS Shareholders (maybe 1.5 - 1, or 1-1, or something like that ... still undefined). Here is my question. Normally if you hold a call option, dividends still go to the actual shareholder. Would the same hold true here, or would they "adjust" the options? Also, since PALM is considered to be the largest asset of COMS, if there are no adjustments, would it be wise to also own COMS Jan '01 Puts? Thanks in Advance! Mike PS. LOF - GREAT call on CREE!!!! I wish I would have copied you on that trade!