Novell (NOVL) dirt cheap, good buy? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novell (NOVL) dirt cheap, good buy?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Fiondella who wrote (26111)	3/18/1999 4:53:00 PM
From: E_K_S	Read Replies (1) of 42771

Hi Paul - You did notice where the smart money went yesterday...Remember those 15000 May $20 calls that were rolled over from the April $17 1/2 calls.... It appears that these guys sold their in-the-money calls and bought the May $20 calls to accomplish two things: (1) Take $3.00 off the table and (2) maintain their long position in the company. They paid a $0.50 premium for their roll-over and got it all back with the Merrill Lynch up grade. I have a sneaky feeling that Merrill Lynch brokered these calls for their own account or for a very important customer (ie. Mr. Soros). EKS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next