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Technology Stocks : BAY Ntwks (under House)
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To: WiseGuy who wrote (3175)12/15/1997 11:44:00 PM
From: WBendus  Read Replies (2) of 6980
 
Paul,
You said, "The stock has been terribly manipulated." and I agree. Last week I commented that I bought December 27 1/2 puts as a hedge against my long position, later in the day over 650 contracts traded in the last 5 minutes and all on the Ask. The next day Bay got hammered by the DLJ downgrade. Like I said then and I say now, somebody knew something and they have made a killing on what they knew, an 80% return in two days.

Wayde.
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