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To: Mark Adams who wrote (13067)8/22/2000 11:25:59 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
Mark, the "E" means the company isn't reporting as required by the SEC. usually there's a grace period during which the stock continues to trade with the 'E' designation, and if no filing comes forth, it is delisted.



To: Mark Adams who wrote (13067)8/23/2000 8:48:26 AM
From: Tommaso  Read Replies (2) | Respond to of 436258
 
Thanks for reminding me that I brought this up earlier this year.

I still don't know how to state the symbol for the contracts correctly (the ones on the CBOE) though I know ECU and ECW are the initial letters in the symbol.

The option quote services that I use don't seem to recognize the symbols when I add the standard month/strike letters to them. I don't know if I am getting them wrong or if the services just don't cover currency options.

Also, there is the fact that everyone agrees that currency speculation is more risky than anything else. I might at some point send Lind-Waldock the $5,000 needed to open an account and try buying some standard, far-out Euro calls, which one can get for something like $850 each. On the other hand, a much safer (though not terribly profitable) move would be just to go down to the AAA (automobile assoc) office with the $5000 and buy no-fee Euro travelers checks. With the options it would probably be double or triple or nothing, whereas the travelers checks would be a gain of up to 20% and little risk of loss. Also, any options gains would be fully taxable, so the real gain of a double would only be about 65%. If you spend travelers checks without converting them into another currency I do not think it's a taxable situation--more like a discount on a vacation.