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Microcap & Penny Stocks : DCTC - DCI Telecommunications -- Ignore unavailable to you. Want to Upgrade?

To: george eberting who wrote (3180)	12/17/1997 2:45:00 PM
From: ron forgus	Read Replies (1) \| Respond to of 4489

George you would have to ask Joe if they are allowed to hedge the SMTK shares.I would prefer to sell them and buy our own stock with the large proceeds. Our future is with DCTC not SMTK as of today. Many of the better micro-cap's are down year end tax losses? I reluctantly sold some Utility stocks that have been in the family for years to add to my DCTC holdings this week.

To: george eberting who wrote (3180)	12/22/1997 12:22:00 PM
From: george eberting	Read Replies (2) \| Respond to of 4489

This morning the CBOE is providing quotes for puts and calls on SMTK. A few days ago I suggested that there may be some wisdom in DCTC hedging against possible decline in SMTK shares by purchasing some puts. For those of you more familiar with trading in options than I, here is the link for this morning's quotes: cboe.pcquote.com If I am reading the numbers correctly, it appears that the process wouldn't be all that cheap (for 300,000 plus shares of SMTK) and the periods covered do not extend beyond the end of February, but the SMTK shares may not be saleable until sometime in March. If Leaps are also available, I presume they would be even more expensive. George