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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: gabor boda who wrote (8211)	9/10/1998 10:51:00 AM
From: wrm1	Read Replies (1) \| Respond to of 12468

AGREED! Bought more at 20 1/2 and tried for more lower. What else can impact this market as a negative? A good base is now in place.

To: gabor boda who wrote (8211)	9/10/1998 5:04:00 PM
From: Steven Bowen	Read Replies (1) \| Respond to of 12468

Looks like someone put on a large bullish option position this morning. Appears someone sold 770 contracts of the Jan 17 1/2 puts for $142,000 and with the money bought 500 contracts of the Jan 25 calls for $142,000 (kind of the opposite trade that Jason tried to put on last Spring). Net net, it looks like this person will lose $77,000 for every $1 that WinStar is below 17 1/2, will break even between 17 1/2 and 25, and make $50,000 for every $1 WinStar is above 25.