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To: Boris Reynov who wrote (9216)10/1/1998 3:36:00 PM
From: Tavros  Respond to of 12559
 
Same here Jas/Boris. I (more than) doubled up at these levels. Straight purchases betwen 11 and 12, as well as sales of Jan 00, 20 puts and purchases of Jan 00, 10 calls.

As for being unable to meet customer demands, there is a story in Bloomberg which explains that they UNDERestimated the demand for ASX-4000 and OVERestimated the demand for ASX-1000. Hence the production problems. I would call it a good quality problem, and bad management, but a bargain at these levels...

My 5 cents

Tavros