Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom West who wrote (4097)	3/3/1999 8:55:00 PM
From: FCC	Respond to of 4135

Tom, I've tried to get the bid higher on my march 25 calls,but it seems like they are stuck in the 11 area. I don't think that they will pay much higher than 11 1/2. When they exercise they won't make much off the transaction. I'm going to sell in the 11-11 1/4 area.Otherwise i'm looking at some tax consequences with the short term sale of the stock. regards and congrats, FCC

To: Tom West who wrote (4097)	3/3/1999 8:55:00 PM
From: Nandu	Respond to of 4135

I am long Mar 27.5 calls. I have a GTC limit order to sell them at 9. If I don't get a fill this week, I will take what I can get next week.

To: Tom West who wrote (4097)	3/4/1999 12:03:00 AM
From: Joseph A. Aboaf	Read Replies (1) \| Respond to of 4135

At the bottom of my message, you will find a "jas" message: For all these companies being bought there is a risk. On top of that you are dealing with MM and these guys can wait a long time without changing the price of the calls, and they will never buy the stock for more than 36. (Notice on Tuesday early morning you could sell the stock for 36 1/4) So you have the choice of selling your calls, exercising the calls (you will have to pay commissions) and giving your stock to Alcatel. I would sell the calls: you will get the money immediately and you will not be greedy! Someone else will make a buck! Good luck! Joe To: Steve Hursey (4082 ) From: jas cooper Wednesday, Mar 3 1999 10:20AM ET Reply # of 4099 Seems like a no brainer to me. It might seem that way, but it ain't. What you are making a few percent on is the risk that all will not go as expected, however small. Then don't forget that you have to pay margin interest, and your money could be making more elsewhere (hopefully). Remember, your typical XYLN shareholder is someone looking for substantial gains, not a guaranteed income from a collection of CDs. If everything was assured, the stock would have opened (and closed) at $37, and wouldn't need to trade for the next month. TLAB/CIEN and BT/MCIC (before WCOM saved them) weren't that long ago. jas.