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Technology Stocks : Xylan -- Ignore unavailable to you. Want to Upgrade?

To: John Finley who wrote (3437)	11/12/1998 12:10:00 AM
From: Glenn	Read Replies (1) \| Respond to of 4135

Smiles. I'm not playing that stock. I got it and I'm truly a long term hold. XYLN continues to be one of the safest investments. Its still undervalued. Lets hear it for 25 Glenn

To: John Finley who wrote (3437)	11/12/1998 12:18:00 AM
From: Gary Korn	Read Replies (2) \| Respond to of 4135

I would like to think that options expiration pressure won't affect this stock, but it always seems to have some bearing. Given that, I'm wondering whether the sizeable open interest for November 15 and 17 1/2 calls will pressure XYLN down towards 17 1/2 come next Friday, October 20? By the way, I see that huge trade of 500 December 17 1/2 puts apparently combined with 500 December 20 calls. I'm guessing that someone sold the puts to pay for the calls (they cost about the same, about 1 1/4 points). That would be a bullish position on essentially 100,000 shares of stock (50,000 naked put shares and 50,000 call shares). Maybe this trader is expecting something to happen. Gary Korn

To: John Finley who wrote (3437)	11/12/1998 10:31:00 AM
From: Luke	Read Replies (1) \| Respond to of 4135

May be you made the right decision, short term.

To: John Finley who wrote (3437)	11/14/1998 5:22:00 AM
From: Glenn	Read Replies (1) \| Respond to of 4135

That actually wasn't a bad call in my opinion. I like xyln a lot but i think the next 4 days are risky (note that xyln is the safest stock I've seen). given you made a bunch, its wise to sit on the sidelines. The market has been full of issues this week. There is a series of hurdles that must be achieved to keep the rally going. First hurdle is done. The IMF will bail out SA. Next one is Iraq. God who knows. (I think that will affect the market too) Third one is Greenspan next week. He wont lower the interest rates. That will have an impact. The next is Dell which is lower by 10 percent or so in the last two days. Lastly the dow is up smiles Who knows? My position is wait a couple of days and see what happens. A lot of free cash would be useful if panic selling happens again.