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Strategies & Market Trends : The New Economy and its Winners
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To: Olu Emuleomo who wrote (965)7/8/2000 7:21:32 PM
From: Jan Crawley  Read Replies (1) of 57684
 
Hi Olu, I am looking at Brcm-short for next week. Specifically--

Brcm's July $210 puts was closed at $4; so if we have another up-day(s) with another $10/$20(which means Brcm-at-$245+), then those puts will be under $2 on next Mon/Tu. An easy double-plus if Brcm drops to around $210 LATE-next-week or during the option week.

Brcm's current float is 137M shares with less than 4M short interest as of 6/00. So I think that it's more of a S/P inclusion drive with little short support. Best!
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