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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (9933)	5/29/2001 11:37:17 AM
From: RockyBalboa	Respond to of 19633

Yes, that the idea behind the short puts. Ravisent today?

To: Tom Hua who wrote (9933)	5/29/2001 11:48:49 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 19633

Yes, the LU deal appears to be worse than expected. Maybe its time to look into the stocks of the competitors, as well as the various subsidiaries (Avaya, Agere, Alcatel Optronics which is in fact very cheap). Congrats on the successful SCIO trade. You called the bottom, so far.

To: Tom Hua who wrote (9933)	5/29/2001 11:49:40 AM
From: jjs_ynot	Read Replies (2) \| Respond to of 19633

Tom, The awkward part of LU options is the Agere kicker. LU options will have to be split into the LU and Agere portions (that is two separate options) since Agere is not part of the acquisition and is being spun-off. That makes the options somewhat problematic. Regards, Dave

To: Tom Hua who wrote (9933)	5/29/2001 12:01:17 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 19633

Tom, what I'm missing there: Rvst has about $3.60 in cash low liabilities, and not much goodwill. I suppose, people have not read the recent Q report. Given the volume and the stock does not drop during the recent selloff something's up. My guess is that they distribute $3 to the shareholders pretty soon. The Q report is here, what I'm missing? sec.gov

To: Tom Hua who wrote (9933)	5/29/2001 5:57:43 PM
From: RockyBalboa	Respond to of 19633

Tom, no deal between Alca and LU, both trade up afterhours. #"§$! the call option will trade up tom. Sun "only" at 17.50. The market digests bad news better than expected. Lucent, however, balked when it became clear that Alcatel viewed the deal as a takeover of its money-losing U.S. rival, rather than an equal partnership, sources said. ``Lucent made it clear they were not interested in a takeover. Lucent was not for sale -- they wanted a strategic partnership,'' said one source. Arrogance always goes before the fall. LU should go Ch.11 if their vendor financing things do not clear up. No wonder that MS is selling AGR like mad.