KEMET Corp. Message Board

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Technology Stocks : KEMET Corp.

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To: wlheatmoon who wrote (194)	7/20/2000 7:25:45 PM
From: SJS	Read Replies (1) of 906

The way KEM was trading, I believe that that was the ASK price, hence......a buy. The reason I believe that is if it was the bid price, hence a sell, then the stock would have to have been lower than it was during the day. I saw the trade show up in the middle of the day, so I believe it was a buy. Someone has made a big bet that the stock will be under 30 in August. They paid 4.5 for each of over 2000 puts. That's 90K. It could be a protective buy, or it could be that someone is ready to push this down again after earnings. I don't know. I am just mentioning this because we're in the middle of a tug of war and the folks with the selling goals have been winning of late... Steve

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