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Technology Stocks : GST Telecom (GSTX) 4th quarter earning -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Byall who wrote (303)	3/1/2000 9:16:00 PM
From: MangoBoy	Read Replies (1) \| Respond to of 369

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To: Bruce Byall who wrote (303)	3/6/2000 2:31:00 PM
From: Rob Preuss	Respond to of 369

Monday March 6, 2:16 pm Eastern Time U.S. Options-GST Telecommunications vols stay high CHICAGO, March 6 (Reuters) - Implied volatility in options of phone company GST Telecommunications Inc. (NasdaqNM:GSTX - news) stayed high on Monday after the stock broke out to the upside on Friday. Implied volatility for the March 10 calls stood at about 152 percent, unchanged from Friday but up from last week's levels of around 110 percent, a Chicago Board Options Exchange trader said. A market maker on the American Stock Exchange also noted the volatility went up across-the-board on Friday, possibly as much as 20 points from last Thursday. ``They (vols) seem to have gone up very high on Friday and they have not come in today,' the AMEX market maker said, citing no news. ``All I know is that there has been an influx of buy orders on the calls. As to why, I don't know,' the AMEX trader added. The busiest options were the March 10 calls on the AMEX, which were off 5/16 to 3/5 on interexchange turnover of about 308 contracts and open interest of 5,251 as of 11:43 a.m. CST (1743 GMT). On Friday, shares of the Vancouver, Washington-based company closed at 9-10/16, up from 7-10/16 on Feb. 29. Options volume has also increased and at about midday Monday. a total of about 1,290 calls and 65 puts changed hands on AMEX and CBOE. About 2,016 contracts traded on Friday, which included 1,756 calls and 260 puts, up from its current average daily volume of 455 contracts. GST Telecommunications, which provides telecommunications products and services, said on Monday it has rescheduled its fourth quarter 1999 financial results and conference call for March 23. Earnings were initially scheduled for March 7, according to First Call/Thomson Financial. First Call pegged analysts revised mean estimate for GST Telecommunications fourth quarter at a loss of $1.29 a share versus $1.49 loss per share a year ago. Shares of GST Telecommunications eased 9/16 to 9-1/16 on Nasdaq volume of 1.8 million.