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To: Uncle Frank who wrote (6609)2/12/2001 7:35:31 PM
From: lurqer  Read Replies (1) | Respond to of 10934
 
By writing calls or buying puts?

Both, mostly calls, a few puts - cash flow positive ab initio. Closed the calls first since they were near worthless.

Interesting announcements today. Both what was announced and what wasn't - i.e. DAFS/VI. In a way, I'm glad. The implications of DAFS/VI are huge, but sufficiently complex to "go over" the analyst's heads (After the last cc, we can see that wouldn't be difficult). So by isolating the announcement, the company has the opportunity to explain the implications in depth. 'Course some today's announcements dovetail and enhance the significance of DAFS/VI. We'll see if the analysts can "connect the dots".

lurqer