Applied Magnetics Corp Message Board

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Technology Stocks : Applied Magnetics Corp

APM 1.530

+13.3%

1:13 PM EST

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To: Frodo Baxter who wrote (11593)	3/25/1998 3:55:00 AM
From: AlienTech	of 12298

>>FYI, shorted more at 12 1/4. Haven't been this leveraged in a while.<< FYI! COVER NOW! You made your money.. Stay on the side lines.. Someone SOLD 1000 OCT98 12 1/2 puts for 2 7/8.. that is 100 000 * 2.92 = almost 300k someone is betting that the price will gbe above 12 1/2. They did this near the end of the day. In fact they also sold 1000 APR 12 1/2's earlier.. But the most signicificant thing is they also sold 600 MAR 15 puts around 1:45 for 3 3/8, 1000 MAR 15's around 1:50 for 3 1/4, 1000 mar 15's around 2:05 for 3 1/8, 1000 MAR 15's around 2:10 for 3 and 1000 mar 15's around 2:45 for 3. Now tell me, are these the kind of players you want to go up against? I know APPRO is but.. I am not long or short this stock, Was long a long time ago and got ass kicked.. Rigt now I think its a short but not with these kind of players entering the market which means this is a short busting going on!

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