Richard, you have your opinion, and I have mine. I must say I've never quite gotten the concept of 'replacement' options. If a person has 10000 exercisable options and 10000 coming in a few months, exercises and sells the current batch, the position is not 'replaced' by the options vesting in a few months. Yes, obviously Ms. Rafferty felt that the cash was more valuable to her than holding the shares for further appreciation.
"I would say that shorts, at this time, are dangerously exposed."
I swear I have yet to run into a stock who didn't have someone who would say that, no matter what the underlying company was doing.
First you say you have no opinion, then you say it's a silly short. That would be a contradiction.
Regards,
Barb |
