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Technology Stocks : STAR Telecommunications (STRX)

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To: Lou Cifer who wrote (203)7/13/1998 12:46:00 AM
From: Spaw  Read Replies (1) of 780
 
Lou,
I'll be impressed if the stock blows by 25.
Someone has a HEAVY interest in keeping strx below 25.
Or maybe just AT 25. That is a likely scenario.
Have a look here: cboe.pcquote.com
Observe the July 25 puts. Huge open interest. I'd say someone is playing some serious games. Whoever wrote the things must be sweating bullets. Whoever bought those puts is very happy indeed. Same thing happened last month.

--spaw--
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