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To: Steven Bowen who wrote (8503)10/6/1998 5:15:00 PM
From: Kingpin  Respond to of 12468
 
I bought common at 17 1/4. Options are priced like someone knows the stock will rebound at some point. I guess volatility is priced into calls even on the way down.




To: Steven Bowen who wrote (8503)10/7/1998 12:17:00 AM
From: slurper  Read Replies (1) | Respond to of 12468
 
Steve The Jan 2000 Leap with a 30 strike price (LQGAF) is under $3 . Thats a very good price for 14+ months out