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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1999
Check here if Amendment [ ]; Amendment Number:______________________
This Amendment (Check only one.):
[ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Para Advisors, Inc. (a)
Address: 505 Park Avenue
New York, NY 10022
Form 13F File Number: 28-7296
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form. Person
Signing this Report on Behalf of Reporting Manager:
Name: Mr. Ned Sadaka
Title: President
Phone: 212-355-6688
Signature, Place, and Date of Signing:
/S/ NED SADAKA
_____________________________________
[Signature]
New York, New York
_____________________________________
[City, State]
February 10, 2000
_____________________________________
[Date]
(a) Mr. Ned Sadaka is a shareholder of Para Advisors, Inc. ("Para Advisors") and
also serves as a managing member of the general partner of certain accounts over
which Para Advisors has investment discretion.
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
<PAGE>
Form 13F Summary Page
Report Summary:
Number of Other Included Managers:
0
Form 13F Information Table Entry Total:
69
Form 13F Information Table Value Total:
$ 509,583 (thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with
respect to which this report is filed, other than the manager
filing this report. NONE
<PAGE>
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
Value Put/ Investment Other Voting
Authority
Name of Issuer Title of CUSIP (x$1000) Shrs or SH/PRN Call Discretion Managers Sole Shared None
- -------------- -------- ----- -------- -------- ------ ---- ---------- -------- ---- ------ ----
Class prn amt
----- -------
<S> <C> <C> <C> <C> <C> <C> <C>
3 COM CORP COM 885535104 5,353 113,885 SH SOLE 113,885
ADAC LABS COM 005313200 701 65,173 SH SOLE 65,173
ALCATEL ALSTHOM COM 013904305 2,212 49,150 SH SOLE 49,150
AMFM INC COM 158915108 11,068 141,442 SH SOLE 141,442
APACHE CORP COM 037411105 1,017 27,520 SH SOLE 27,520
APPLIED PWR INC CL A CL A 038225108 2,566 69,830 SH SOLE 69,830
APPONLINE.COM RESTRICTED COM 032511107 162 100,000 SH SOLE 100,000
ATLANTIC RICHFIELD CO COM 048825103 2,235 25,837 SH SOLE 25,837
BCE INC COM 05534B109 15,438 171,175 SH SOLE 171,175
CABLEVISION SYSTEMS COM 12686C109 5,062 67,050 SH SOLE 67,050
CELL GENESYS COM 150921104 441 34,405 SH SOLE 34,405
CHASE MANHATTAN CORP NEW COM 16161A108 3,055 39,320 SH SOLE 39,320
NEW
CITIGROUP INC COM 172967101 2,731 49,150 SH SOLE 49,150
CNF TRANSPORTATION INC COM 12612W104 7,762 224,981 SH SOLE 224,981
COLUMBIA ENERGY GRP COM 197648108 10,080 159,374 SH SOLE 159,374
COMMSCOPE INC COM 203372107 6,935 172,025 SH SOLE 172,025
CONCENTRIC NETWORK CORP COM 20589R107 2,120 68,810 SH SOLE 68,810
COSTCO COS INC COM 22160Q102 8,970 98,300 SH SOLE 98,300
DANAHER CORP COM 235851102 1,472 30,515 SH SOLE 30,515
DAYTON HUDSON CORP COM 239753106 3,609 49,150 SH SOLE 49,150
DEVON ENERGY CORP COM 25179M103 1,791 54,485 SH SOLE 54,485
DOW JONES & CO INC COM 260561105 11,584 170,350 SH SOLE 170,350
DYNATECH CORP NEW COM 268140100 567 83,927 SH SOLE 83,927
NEW
ENRON CORP COM 293561106 5,767 129,950 SH SOLE 129,950
FOX ENTERTAINMENT GROUP INC COM 35138T107 3,884 155,765 SH SOLE 155,765
GENERAL INSTR CORP DEL COM COM 370120107 12,855 151,236 SH SOLE 151,236
GLOBAL LIGHT TELECOM. COM 362284101 6,980 564,078 SH SOLE 564,078
GLOBAL TELESYSTEMS GROUP COM 37936U104 1,242 35,880 SH SOLE 35,880
GOLDMAN SACHS GROUP INC COM 38141G104 5,555 58,980 SH SOLE 58,980
GRAND UNION COMPANY COM 386532402 2,886 285,023 SH SOLE 285,023
GTE CORP COM COM 362320103 5,917 83,855 SH SOLE 83,855
INFINITY BROADCASTING CORP COM 45662S102 7,713 213,145 SH SOLE 213,145
INTERNATIONAL BUSINESS MACHINE COM 459200101 7,995 74,025 SH SOLE 74,025
JEFFRIES & CO COM 472318104 5,555 252,491 SH SOLE 252,491
JONES INTERCABLE INC COM 480206200 11,478 165,605 SH SOLE 165,605
LIMITED INC COM 532716107 9,802 226,305 SH SOLE 226,305
<PAGE>
MEDIAONE GROUP INC COM 58440J104 24,413 317,831 SH SOLE 317,831
MIDAMERICAN ENERGY HLDGS COM 59562V107 11,142 330,735 SH SOLE 330,735
MONTANA POWER CO COM 612085100 1,803 49,990 SH SOLE 49,990
NAVIGANT INTERNATIONAL INC COM 63935R108 2,291 196,046 SH SOLE 196,046
OMNIPOINT CORP COM 68212D102 17,337 143,723 SH SOLE 143,723
ONLINE GAMING SYSTEM LTD COM 68273A104 63 54,862 SH SOLE 54,862
PACIFIC BANK NA CALIFORNIA COM 694026204 221 7,981 SH SOLE 7,981
PARK PLACE ENTERTAINMENT CORP COM 700690100 4,307 344,568 SH SOLE 344,568
PIMCO ADVISORS COM 69338P102 5,393 143,096 SH SOLE 143,096
REYNOLDS METALS CO COM 761763101 5,085 66,366 SH SOLE 66,366
ROGERS COMMUNICATIONS INC COM 775109200 5,925 239,378 SH SOLE 239,378
SNYDER COMMUNICATIONS INC COM 832914105 4,508 234,176 SH SOLE 234,176
SPRINT CORP COM 852061100 4,433 65,856 SH SOLE 65,856
TANDY CORP COM 875382103 5,213 105,983 SH SOLE 105,983
TIME WARNER INC COM 887315109 7,533 103,995 SH SOLE 103,995
TOWER AUTOMOTIVE INC COM 891707101 759 49,150 SH SOLE 49,150
UNION CARBIDE CORP COM COM 905581104 10,346 154,994 SH SOLE 154,994
US WEST INC COM 91273H101 21,891 304,039 SH SOLE 304,039
UST CORP COM 902900109 5,149 162,175 SH SOLE 162,175
WARNER LAMBERT COM 934488107 2,005 24,467 SH SOLE 24,467
WHX CORP COM 929248102 442 49,150 SH SOLE 49,150
WILLIAMS COMPANIES INC COM 969457100 7,446 243,635 SH SOLE 243,635
WORKFLOW MANAGEMENT INC COM 98137N109 3,325 116,165 SH SOLE 116,165
AMERICAN INTL GROUP INC COM 026874107 1,765 16,328 SH SOLE 16,328
AMERICAN TEL & TEL COM 001957109 20,130 396,654 SH SOLE 396,654
BP AMOCO PLC COM 055622104 6,821 114,999 SH SOLE 114,999
EMC CORP COM 268648102 7,260 66,449 SH SOLE 66,449
GLOBAL CROSSINGS LTD COM G3921A100 9,902 198,036 SH SOLE 198,036
ILLINOIS TOOL WORKS INC COM 452308109 7,501 111,017 SH SOLE 111,017
JOHNSON & JOHNSON COM 478160104 6,988 75,044 SH SOLE 75,044
LUCENT TECHNOLOGIES INC COM 549463107 33,619 449,381 SH SOLE 449,381
TYCO INTERNATIONAL COM 902124106 18,565 477,568 SH SOLE 477,568
VODAFONE AIRTOUCH PLC ADR SPONS. 92857T107 51,442 1,039,240 SH SOLE 1,039,240
ADR
</TABLE>
