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Technology Stocks : BAY Ntwks (under House)
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To: Pravin Kamdar who wrote (3058)12/10/1997 8:48:00 PM
From: WBendus  Read Replies (2) of 6980
 
Pravin, I think there is considerable evidence of insider trading. Yesterday I bought some Dec 27 1/2 puts as a hedge against my share, at the time my order filled, somwhere around 1:30 there were about 26 contracts that traded. By the end of the day the total volume was 933 contracts, over 650 of them in the last 4 minutes of trade and all within 1/16 of the ask. Somebody knew something and they are about to get away with making a lot of money. The options will probably never be sold, they were likely bought to hedge stock.

Wayde.
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