The Thread Formerly Known as No Rest For The Wicked 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 : The Thread Formerly Known as No Rest For The Wicked

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ynot who wrote (60821)	9/17/1999 10:53:00 PM
From: R.E.B.	Read Replies (2) of 90042

These analysts really burn me. I've also been following CHIR. They have over 29,000 call options for the January 2000 $30 to $35 range. They are a takeover candidate at that time because in January of 2000 the minority owner is allowed to increase their ownership to exceed 50% and now wants to amend the agreement to buy ALL of CHIR. I've been following since $30 but have not bought yet. Follow the options activity and follow the big money. As for CS, I'm not accusing anyone of anything, but I would not be surprised if a certain NYSE floor specialist sold naked Sept. $20 CALLS on CS knowing full well he could paint the tape and keep the closing bid under $20 through today. I was always wondering why there was so much Call activity in the week of expiration for the "just-out-of-the-money" strike price. Based on what I've seen at the close of the market and after the market, I'm not surprised CS closed right where it did. If my theory is right, let's see how easy CS closes above $20 on Monday. The earnings don't come out until after the close on Monday, so Monday should be no different from a strategy standpoint than today (Friday).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next