peaking- too high, page-5

CIY is a very exciting share to hold when it gets moving. it just needs to put on another 20c and it will hit blue sky.

I didn't realise the CIYO were exercised at 30c. Shares magazine has them exercising at $1.50 but they must not have adjusted for the 5 for 1 share split CIY did a while back.

I couldn't work out why the CIYOs were so expensive and the CIYOAs were so cheap. I hold the CIYOAs - they hardly ever trade but they too come at an attractive discount - today they finished at $1 and as they get exercised at a dollar that offers a 10% discount for an option that lasts until 2006.

Cheers, Anne