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Technology Stocks : ADI: The SHARCs are circling!
ADI 232.19+0.9%Nov 19 3:59 PM EST

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To: Scrapps who wrote (1651)4/17/2000 9:47:00 PM
From: Mike 2.0  Read Replies (1) of 2882
 
Most of Monday's activity was outright put buying or customers buying calls and selling the stock, the trader
added.


I think the bearish option positions are an attempt to play anticipated volatility as a result of TXN reporting results after the bell today. TXN apparently beat est by 2c but missed their whisper number...this based on a quick visit to the TXN thread. Tomorrow will be an important day for techs across the board anyway, as to whether market will "sell the news" on stocks like TXN (and competitors like ADI will move in sympathy), and others like INTC reporting this week, or if we hold the gains of today and expand them. Tomorrow will be an interesting day...hang in there everybody!
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