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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Jim@Inland who wrote (40292)	3/12/2002 7:59:11 PM
From: Jim@Inland	Respond to of 99280

Glad I hedged some of my CMVT today , selling 15.00 calls against them for 1.75. Wish I had sold more:( Jim

To: Jim@Inland who wrote (40292)	3/12/2002 10:46:50 PM
From: mishedlo	Read Replies (1) \| Respond to of 99280

story.news.yahoo.com Jim, That is pretty ugly report. Enormous miss. Hoever, I bet you that if the hedge fund bought a gazillion puts, strike 15's the stock would only have dropped a point at most. M

To: Jim@Inland who wrote (40292)	3/12/2002 11:08:25 PM
From: Softechie	Read Replies (2) \| Respond to of 99280

CMVT I think I'll get some at $11's for the bounce play.

To: Jim@Inland who wrote (40292)	3/13/2002 4:32:21 AM
From: LTK007	Read Replies (1) \| Respond to of 99280

if CMVT can't hold 13 a break to 9/10 seems likely CC appears to have been grim from CBS-MW <<Comverse, which said its earnings, excluding nonrecurring charges, fell sharply amid pressure from the hard business climate facing telecommunications companies, dropped to $13 from Tuesday's close of $15.85. It also said it sees revenues of about $220 million in its current fiscal first-quarter, and expects to post a loss of 6 cents a share in the quarter as it suffers from lower capital spending by telecommunications customers.>> end quote