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To: Chris who wrote (5071)1/13/1999 1:56:00 PM
From: Berney  Read Replies (1) | Respond to of 11051
 
Chris, What a Day!

Glad to see my LLY showing signs of life.

The exercise of an option is not a taxable event. The original cost goes into your basis.

Re: Brazil depends on whether it the beginning of the end or the end of the beginning. In any case, a friend of mine that was down big in a CAT short is definitely a happy camper.

FWIW If you want to play AOL, look at the discount in the NSCP shares.

Berney