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Technology Stocks : Applied Magnetics Corp -- Ignore unavailable to you. Want to Upgrade?

To: Frodo Baxter who wrote (12248)	4/8/1999 9:10:00 PM
From: Spots	Read Replies (1) \| Respond to of 12298

After my previous post, I couldn't get the following scenario out of my head, though I admit it's a little far-fetched: Crisman gets options successfully priced below market (this will take fast action<g>) Crisman exercises options, thereby potentially accruing ordinary income for diff between strike and market price. Crisman sells options at a loss, thereby realizing cap loss on diff between market price on day of exercise and sell price. Result: Crisman is stuck for ordinary income on xxx million of diff on day of exercise, and Crisman gets to write off his cap loss at $3000 a whack over the next 500 years. Now THAT's funny. Farfetched, but funny. Ok, my imagination tends to run away with me, I admit it ... (but it's still funny LOL).