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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Ben Antanaitis who wrote (21958)	5/12/1998 5:51:00 PM
From: Spartex	Read Replies (1) \| Respond to of 42771

Ben: Hmmm, did you see the spread on the May 10 calls??? bid 3/8s ask 9/16s !!! 3/16s !!! talk about scalping the sellers! Looks like they are trying to make the holders of calls sell way below a sensible persons level in price, eh? Hmmmm, interesting and I guess the MM are just trying to protect their downside, right? Or are they just greedy? <s> Regards, QuadK

To: Ben Antanaitis who wrote (21958)	5/12/1998 6:20:00 PM
From: Bob Howarth	Read Replies (2) \| Respond to of 42771

What would happen if then on Saturday it was announced that there was a takeover at 20 per share? Would you still get the stock at the exercise price? What if you don't have any cash?