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Technology Stocks : Compaq
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To: Steve Dietrich who wrote (31273)8/19/1998 9:52:00 PM
From: FR1  Read Replies (2) of 97611
 
God, what a great week to watch the option shorts play out.

There's still 4,500,000 shares of CPQ Aug 35 calls expiring this friday! Geez. When CPQ jumped over 35 I thought the shorts would start covering like crazy to avoid being caught further out friday but noooo....here come the MMs fighting back - dumping zillions of shares to try and get below 35. What a great soap opera. Glad I'm not short.
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