SI
SI
discoversearch

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 : USRX

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Pullin-GS who wrote (12230)2/20/1997 9:44:00 AM
From: Adrian Overstreet   of 18024
 
The shorts and MM must be thinking that they have died and gone to heaven (assuming that any short or market maker ever dreams of having such a chance).

Expiration is Friday and the companies bungling of the launch of x2 has allowed the MM and shorts to keep the price below 60 screwing all the purchasers of 60 calls who paid a fortune only a few days ago before it became apparent that x2 is at this point just vaporware. (A bit harsh prehaps but if you look at it objectively the continually delayed shipping dates with varying explanations, the retail ad fiascos and the race to beat ROK at all costs have some of those characteristics.)I just hope the vapor materializes tommorrow or the 55's may be in trouble as well.

The real tragedy is that if the x2 launch had happened as advertised the pop would have lifted this stock to 70. Now we will be lucky to get back to 63 or so where we were before the company dropped the ball. Other than the x2 launch I see nothing on the horizon that will provide a lift for this stock.

I wish I had taken Scrapps advice and sold this stock a month ago.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext