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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?


To: Earthdog who wrote (6351)6/9/1998 12:12:00 AM
From: Frank Ferrari  Read Replies (1) | Respond to of 6980
 
My exit depends on many things.

First, I guess if Bay is bought prior to the open i don't even have to worry about it.

If we have an up open I will sell about 25 % of my calls to get my original investment out and ride out the remaining.

Even if it keeps going up through the week I will likely sell more before the weekend and just ride about 35 % through to the end.

I expect that tomorrow will be the last day, NT will take them out for $39 at the end of the day tomorrow.

Just my 2 cents.

What are you planning? I didn't hedge today when it started to go so I am vulnerable if it opens down on any news.

Did you read the post about Intel looking at BAY as well. I have always thought House would call up his old colleagues when it was time to make a deal. We just may get a surprise this week.

Frank