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Biotech / Medical : IDPH--Positive preliminary results for pivotal trial of ID
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To: Howard Hoffman who wrote (994)6/12/1997 1:29:00 PM
From: Roudy   of 1762
 
Howard, I've been told that buying lots of call options is an indication of funds buying. They buy the calls first and then the shares. Since they usually are buying shares in large numbers they tend to drive the price up. By buying the calls first, it keeps the price where they want to buy in at. Also, heard that SBC Warburg reiterated thier buy rating again today. Don
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