Aspect Telecommunications (ASPT) Message Board

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Technology Stocks : Aspect Telecommunications (ASPT)

ASPT 0.0001000

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Oct 22 9:30 AM EST

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To: Herschel Rubin who wrote (551)	11/16/1998 11:47:00 PM
From: corporal spewchunks	Read Replies (1) of 2018

Here is the ASPT 101 mid-term exam question: What effect, if any, do you expect those still outstanding 3976 put contracts which expire on Friday to have on the near term price of the stock? Whoever owns those is playing for $397,600 per point. There is a special urgency about price movement because they expire on Friday. After Friday, we might all be on the same team but I don't think we are there yet. I really am not completely sure about the strategy involved on the part of the buyer. Was this just a big bet on the downside in anticipation of an expected so-so earnings report? Is the transaction hedged in any way other than by owning the convertible debentures? Imponderable except by someone more knowledgeable about options strategy than I am. What role, if any, did certain analysts have in insuring that the stock would go down? Finally, is anyone leaning against the price of the stock by strategic short selling? It's had difficulty making any real headway against an $18 price point lately. I have been anticipating a 3 point up day in the near future. Maybe that wont be really possible until after Friday. I don't actually know about any of the above. Just thinking out loud.

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