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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?


To: Captain James T. Kirk who wrote (3721)5/28/1998 5:19:00 PM
From: incomep  Read Replies (2) | Respond to of 8358
 
"i dream of the day when we are back over 20" Oh, really, long before that you probably already "pushed the trade button 20,000+1 times."
Long with you, just kidding.
Do you have a time frame in your mind for the best guess?



To: Captain James T. Kirk who wrote (3721)5/28/1998 10:22:00 PM
From: blankmind  Respond to of 8358
 
Buyout before bankruptcy, its that simple. - capt.

cs is no where near bankruptcy, and will be an entity for a long time.

you have to expect the predictions of gloom and doom, as they have suddenly left the bay thread again, they will as cs moves higher.



To: Captain James T. Kirk who wrote (3721)5/28/1998 11:14:00 PM
From: Rob Skaff  Read Replies (1) | Respond to of 8358
 
Multi millionare, Kirk... Sounds like you're in an option position, and from your postings I'd guess you are in about 1000 October 15 call contracts looking for a takeover around 30. Am I reading that right?

I'm holding a smaller position, but I bought 50 July 15s just before close... Will try to buy another 50 tomorrow.. I think this is one that will be taken over... and soon... I'm guessing the price is low to mid 20s... nice activity at the day's end...

All the bad news has come out and there is limited reward shorting the stock at this point with HUGE risk... people shorting this now are like those people who went long on silver at 40/ounce in 1980 -- course most of them are still holding it now unless they already incurred their huge loss... Let's hope we have strong activity, push it above 15, and see take over in the high 20s...