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Biotech / Medical : Biotech & Pharma.T.A,
BIB 79.76-2.1%Dec 30 4:00 PM EST

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To: Jibacoa who wrote (1748)11/13/2007 1:58:20 PM
From: Steve Lokness  Read Replies (1) of 3722
 
Bernard;

OSTE has had a buyer today? If my memory serves me correct (be suspect of that of course <smile>), there was a long time ago a 12,000 Call option buy for the Nov 10's! This on a stock that trades hardly any. This purchase will end up being worthless Friday without a big time move.

Not sure what this call buy was all about. Maybe just a wild eyed hope in the sky? Sure would be interesting to know. Could have even been some protection for short position I suppose? If that be the case, would the move in OSTE be a short covering today? Either way - I don't see the call holder as making any money on the trade - yet. Still has a couple of days.......

edit: should have looked at short position before posting. Virtually no shorts out there.

steve
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