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To: gizelle otero who wrote (2130)4/2/1999 1:14:00 PM
From: Turs  Respond to of 2574
 
Two things on the split:

1. I don't think the split has any relevance for your call option play. Same appreciation needed to break even.

2. This stock was only at $40 when the company announced the split. While companies sometimes split their stock just because they don't want it trading at such a high price (since it makes it less accessible to individual investors in round lots), I think APCC mgmt. really was sending a signal with this split that they feel comfortable about the business and the year. I'm sure they wouldn't want the stock trading at $9 after a drop in earnings. So, I feel comfortable about this year's numbers.



To: gizelle otero who wrote (2130)4/23/1999 11:02:00 PM
From: gizelle otero  Read Replies (1) | Respond to of 2574
 
Hello to those who were skeptical of my strategy (see earlier posts). As I said then, one doesn't need to be above the strike by expiration to see a very handsome profit. Cheers to all APCC believers!


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