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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: mike thomas who wrote (11085)	7/1/2002 5:21:17 PM
From: mrnaive	Respond to of 11568

THAT'S A LOT OF SHORT COVERING!

To: mike thomas who wrote (11085)	7/1/2002 6:57:49 PM
From: tejek	Respond to of 11568

In a debacle like this I wonder who does buy this stock? regards There's bound to be a bounce so some play it for that. Others believe it will come back. Look at KM, they are in bankruptcy and people still trade the stock. AREM's CEO and others cooked the books and ran off with millions of dollars. The stock is on the pink sheets and people still buy it to hold. Their thinking is that someday it will come back. And who's to say they are wrong. I think it depends on how adverse you are to risk. ted

To: mike thomas who wrote (11085)	7/1/2002 9:11:26 PM
From: shortilong	Read Replies (3) \| Respond to of 11568

My situation is probably the most unique of all on this board. Once upon a time, when the market was doing well, i sold 10 LEAPS puts on WCOM at the $15 strike price. These contracts will expire in January of '03. The broker i am with, IB, does not allow stocks that trade "over the counter" in the account. The bottom line is, i'm sure i will be assigned very soon and will be the proud owner of 1000 shares at $15 for an electronic moment, at which point, my broker will automatically sell for them for zero . Is there anyone here who can match that ? Best of luck to us all, S Long