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To: Glenn D. Rudolph who wrote (93163)2/7/2000 7:11:00 PM
From: Paul Merriwether  Read Replies (2) | Respond to of 164684
 
Glenn
Thanks for your response. I shorted some YQNBR calls a few days ago and covered today. The premiums are not that attractive any more for the feb. out of money calls.
I am now thinking a slow deflation/stagnation at these levels(~ $75) since the WOW factor of earnings/conference call is gone. Therefore selling YQNBO @ 4 sounds attractive. Also, I wonder about the spin associated with the "additional financing of 600mil euros"(the market almost seemed to ignore this news today?).
Opinions?