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Strategies & Market Trends : Tech Stock Options

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To: Stoctrash who wrote (55742)10/18/1998 4:05:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (2) of 58727
 
I dig. Sorry...but that's the way I took it at first.>>>>>

Maybe it had to do with your time of night and the natural activities therein

Okay
for people looking at WFC....
I have been thinking about a horizontal time spread based on someone mentioning it on another thread..he was using Nov and jan 400 calls

So
1. Does anyone know when the merger/buyout is effective

2.What would be the reason for WFC to sell that 2+ million block last week prior to earnings this week..other than the obvious....selling before the stock dropped after poor earnings. Is there a lockout for action from the company on stock sale prior to earnings?? I know there is for individuals. Do they have to raise the cash before a certain date due to their buyout agreement??? etc...

Its hard to correlate price action on these calls because they are so thinly traded..but you can see the overall effect

The news is out on WFC...its partner was announced and the price was established (anyone know what that is????)
so why in the world would WFC break 400 when it hasnt before

Is WFC going to blow out earnings and have their stock skyrocket over 400

edit
here is the press release from WFC on the merger
wellsfargo.com

cant find a date on effective date

boy this is informative

Wells Fargo has granted Norwest an option to purchase, under certain circumstances, up to 19.9 percent of
Wells Fargo's outstanding shares of common stock. In addition, Norwest has granted Wells Fargo an option
to purchase, under certain circumstances, up to 19.9 percent of Norwest's outstanding shares of common
stock.
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