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Biotech / Medical : ICN Pharmaceuticals -- Ignore unavailable to you. Want to Upgrade?

To: IRWIN JAMES FRANKEL who wrote (793)	3/27/1998 1:25:00 AM
From: Carl Wysocki	Read Replies (1) \| Respond to of 1029

I have absolutely no knowledge of the effect, which in no way precludes me from offering an opinion. Seems that stocks added to the S&P 500 get around a 3-5% kick, so let's hope the same goes for these sub indices. I can't tell if this was announced after the close (usual procedure), but assuming it was, we may see a move up tomorrow. Hope someone out there bought the call options I wrote at 60 and 65, but I'm not crying. ICN keeps growing, and I've got a bit left. Hell, it was just a bit over a year ago that I got assigned on my short puts at 20 (pre split). Life is grand, ain't it. Carl