pamc Message Board - Msg: 11157273

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Non-Tech : pamc

PAMC 46.82

+2.4%

4:00 PM EST

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To: RON BL who wrote (385)	9/3/1999 5:01:00 PM
From: Gary Wisdom	Read Replies (1) of 570

Ron, I've noticed that (the Nov 35s) for weeks now. Trying to understand it. I can't believe a market maker would buy them from someone and can't believe an institutional investor would buy them either. At about $1 each it just doesn't seem like a good investment. Why not just buy 10K shares a day? You can get them easy for between $18 and $19. That's a lot smarter investment than buying calls $17 out of the money on an $18 stock, wouldn't you agree?

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