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

To: Gary Korn who wrote (3439)	11/12/1998 12:33:00 AM
From: SpecialK	Respond to of 4135

LU Strategies -Interview on the Nightly Business Report, see my link below on the COMS thread. XYLN not mentioned, but maybe that's good news, that not many expect it. exchange2000.com Gary, The options at 15 looked formidable until we raced higher, looking at the rise from 16.5 to almost 20, warrants some time to catch up. 17.5 is possible and 20 is too, depends on the market. We raced up from 11.5 to 16.5 then for a week we see-sawed between 14.5 and 16.5, until we broke higher on Friday, I see a re-test of 20 within a few days and if it fails, we may head for 17.5. Ketan I don't think we see 15, but I've been wrong before.

To: Gary Korn who wrote (3439)	11/12/1998 6:37:00 PM
From: Rich B.	Read Replies (1) \| Respond to of 4135

<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).> Couldn't this also be that he bought the puts and sold the calls,extremely bearish. Somebody had to sell those calls, so somebody is a little bearish. Then again maybe someone is bullish, bought 50,000 shares and decided to pocket close to 7%, for a month's time, on a covered call. I can't help but speculate since I saw it. BTW, I like the upward trend of this stock and almost bought more yesterday with intentions of selling Jan 20 calls @ $3 for a 16% gain. Not bad if it worked out and not even using margin. Rich