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To: marc chatman who wrote (12196)2/19/1998 8:40:00 PM
From: John Carpenter  Respond to of 95453
 
Oh yeah. Options buyers are suckers unless they have superior
information. They've got the bid/ask spread to contend with
plus the time premium. The stock could do nothing and they'd
get crushed too.



To: marc chatman who wrote (12196)2/19/1998 8:40:00 PM
From: SJS  Respond to of 95453
 
11:09 ET Questa Oil & Gas Co. (QUES) 11 +2 1/4: Company approves two splits, the first a 1-for-10 reverse and the second a 20-for-1.

The reverse split will get rid of the numerous QUES shareholders who own less than 10 shares, whom will receive cash for their shares. The 20-for-1 split will enable the company to continue listing its stock on the NASDAQ Small Cap Market System. The spread on QUES is $1.

Incredible!!