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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Nanda who wrote (12383)7/21/1998 10:58:00 AM
From: paul e thomas  Read Replies (1) of 13949
 
The release of the CHRZ earnings before the open triggered a wild ride . The stock gapped up at the open and was up nearly 2 points before dropping 5 points as a result of a number of large block sold over a 15 minute period.The stock is now recovering. The sell off on CHRZ apparently triggered some selling of IMRS as fell at the same time to 30 7/8. I have been scrambling to buy August 30 calls and picked up 65 contracts @ an average 4 1/4. I fortunately sold 800 IMRS @ 33 before the price fell in order to buy the calls.I look for a similar big swing in IMRS on Friday of this week.
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