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Technology Stocks : IBM
IBM 307.95+1.7%Dec 4 3:59 PM EST

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To: j g cordes who wrote (3382)6/25/1998 1:36:00 PM
From: J R KARY  Read Replies (1) of 8218
 
Hi Jim, expecting a earnings shortfall ? your $ 110 Puts @ $2.50

See you bought these IBM puts yesterday . If they are July's what do need to see IBM fall to for a profit in 3 weeks ?

On your question regarding a company buying/selling stock and relevant options , a while back the WSJ reported on activity of this sort by INTC and MSFT .

Had to do with INTC's & MSFT's dramatic earning announcements and executive options , but of course it concluded it was fair dealing .

My opinion is it is an profitable exercise performed often by large brokerage houses on volatile stocks (INTC , MSFT etc.)
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