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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (27680)	4/24/1998 1:14:00 PM
From: Thomas M.	Read Replies (2) \| Respond to of 132070

What are your thoughts on Alza (AZA) for the next few years? I just noticed they have some warrants (Dec 99, strike 65) that have been perking up. At $1, there doesn't seem to be much time premium compared to the LEAPs, but I'm not an experienced options trader. Tom

To: Knighty Tin who wrote (27680)	4/24/1998 4:19:00 PM
From: Amir Shalit	Read Replies (1) \| Respond to of 132070

Mike, are you adding a third of GTW puts at this crazy price? They did much better than anybody here expected, I must admit. Saying that, the down side is so huge that it pays off to lose the premium many times in order to be in for the grand crash. Amir

To: Knighty Tin who wrote (27680)	4/24/1998 5:04:00 PM
From: Exacctnt	Read Replies (1) \| Respond to of 132070

Mike, I was looking at GZTC's earnings press release. I thought that it was odd that they are reporting on their balance sheet a Cash balance of $10.5M. They disclosed that they completed their preferred stock equity financing in the first quarter for $20M. Where did that cash go? The completion date was March 26. Are we experiencing a "check is in the mail" scenario.<g> Regards, Bob