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To: Proud_Infidel who wrote (10807)1/21/1998 2:48:00 PM
From: Andrew Vance  Read Replies (1) | Respond to of 17305
 
*AV*--As a whole, I am Bored with Directors that don't grasp at opportunities when they present themselves in a timely fashion. I do hope that the CEO of ADPT, Grant Saviers(sp) took judicial note of my financial prowess and sees fit to recommend me for the next outside Director opening for his Board of Directors.<GGG> I know I couldn't recommend anyone better than myself<GGGGGG>.

I will admit to one thing: the performance of the ADPT options has almost wiped out the pathetic options losses on WDC(Dec), WFR(Jan), and AMAT(Jan), combined. The WDC and WFR were total losses while the AMAT was slightly worse than a wash since I had a spread between PUTs and CALLs. I illustrate this for the benefit of the community since options are, indeed very dangerous when they do not go well. A few more points (2) and we are clearly in the black with a nice overall profit. However, without the ADPT there would definitely be a nice chunk of change lost due to timing.

Andrew



To: Proud_Infidel who wrote (10807)1/22/1998 10:34:00 AM
From: Trader X  Respond to of 17305
 
right!

and Paul Hansen (Adaptec's Chief Financial Officer) is really my father! <g>

ps, thanks dad for the 50,000 shares of ADPT.