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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (35462)	9/19/2000 7:25:15 PM
From: Steven Finkel	Read Replies (2) of 57584

Can anyone offer a little input on this one? Yesterday, I felt as several seem too, that EFCX was a good short. SO.. Instead of shorting, I bought an october 12.50 put when the stock was at 13 5/8, paying 1 7/8) at the time. Since then, the stock is down 1 3/16 (close to 10%) to 12 7/16 (in one day), yet the put has DROPPED to 1 5/16 with a 1 9/16 ask. Can anyone help me understand why?

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