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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (74592)1/27/2000 5:52:00 AM
From: valueminded  Read Replies (1) of 132070
 
Mike:

Unless they have spent their $$$, I expect they will be big players in the option pit like they presumably were last quarter after the earnings warning. This would allow them to cap the gains on any puts. I heard they bought 25000 calls the morning after their warning last quarter. Presumably this was for the stock buyback program but it sure seems rather shady to me. Wouldnt you expect more of the same, since our SEC doesnt seem to view this negatively
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