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

To: Debt Free who wrote (8925)	6/4/1999 9:52:00 PM
From: Gregory Seward	Read Replies (1) \| Respond to of 9124

I must admit, I'm amazed that this stock did not crater today. I've played it several times over the past few months, net on the losing side. I got killed by buying at 25 and riding down to 19.5. Then played it long for a few times and nearly recouped my losses (not quite though). I bought puts today because I can't see why it would maintain this value. PE was say, 15 at $.30 per quarter. What is it now...30-50? I rarely go short but I did today (p.s. I'm losing since it rallyed back to $19). Maybe someone can shed some light on ny mistake and convince me to cover?

To: Debt Free who wrote (8925)	6/4/1999 10:17:00 PM
From: Sam	Respond to of 9124

I don't really know what arrangements have been made, but I imagine its the same as when a stock splits. For a brief period of time, you may get options with some strange looking strikes, especially with 3 for 2 splits. In this case, they'll just keep the whole QNTM options, and get its value by adding the two stubs. When they expire, that'll be it for QNTM options. That is just a guess, however. Try calling your broker, QNTM or sending email to the exchange that trades QNTM options (I forget which ones do that now).