Shorting stocks: Broken stocks - Analysis Message Board

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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: Carl Yee who wrote (1628)	8/10/1998 6:39:00 PM
From: Don Westermeyer	of 2506

MoMo players jumping on AND: smartmoney.com Momentum players are buying speculative out-of-the money calls on Andrea Electronics Corp., an audio-communications equipment maker, whose stock was hammered during last week's market decline. The stock is bouncing back after bottoming at 5 and options trading is heavier than normal. The most active contract, the February 12 1/2 call, gained 7/16 to 1 5/16 on volume of 480 contracts, compared with open interest of 1,249 contracts. The stock gained 1 1/2 to 9. - By Steven M. Sears; 201-938-5355

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