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Technology Stocks : Wolf speed

WOLF 17.29

+1.0%

1:42 PM EST

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To: William who wrote (3684)	8/20/2000 8:47:06 PM
From: gingersreisse	Read Replies (1) of 10714

The open interest in August calls $30+ out of the money a few weeks ago suggests nervous shorts had bought some protection. When the market went against them, they covered fast. I understood there was a lot of shorting in CREE, so I was surprised when we didn't have the turbulence a week before expiration as market makers shake weak hands and let the actors escape with minimal damage. A flat market with lots of OOM calls last week was the warning bell. The GE, Siemens, or Philips stories could be real. This is NOT a stock to be on the wrong side of... GSR

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