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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: chic_hearne who wrote (88777)4/2/2001 3:35:41 PM
From: Cynic 2005  Read Replies (2) of 436258
 
From the link you posted: <<if you'd read the latest 10q or have listened to the cc you would know that they are BUYING back stock and hedging the puts. >>

Say what? they are hedging naked puts by buying stock? I never heard that before - unless of course if he meant that they are being "put to" by the hedgers. If they are being put to, at the average warrant price of about 74 and market price of 60, my estimate was that they are down about 8 bil! Not a chump change even for softie!
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