Just Like Starting Over Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Just Like Starting Over

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ayahuasca who wrote (15)	3/20/2002 9:26:25 AM
From: ayahuasca	of 23

lol. It seems the CFO for GNSS has resigned, after only a month on the job. Of course the reasons could be anything but in this Enronitis era, it spells an immediate severe sell off. And sure enough, the stock is down $2.50 this morning. I was looking at the options yesterday and noticed a whole bunch of April 25 and 30 puts being purchased. The puts outnumbered the calls by a substantial margin, and I couldnt understand why someone was buying puts at the 25 level in such quantity- that would warrant another severe correction in the stock, which has already been battered from the $40 level down the the high 20's/low 30's (IMO rather unfairly- they are not an overvalued company the way some of the other techs are. Christ, they are expected to earn like $1.65 next year, and I suspect that is a conservative estimate....at $30 the stock is trading at an 18ish PE on next years earnings!). So I wonder if someone had some information about the CFO stepping down yesterday. Of course someone did. This is organized crime after all.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next