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To: RDR who wrote (1841)9/14/1999 3:54:00 PM
From: grogger  Read Replies (1) | Respond to of 2743
 
Maybe just oversold... Any ideas on what the Secondary Offering price will be?



To: RDR who wrote (1841)9/14/1999 5:37:00 PM
From: Gerald Walls  Read Replies (1) | Respond to of 2743
 
Any idea why someone bought 1000 contracts CALL SEP 60 for PCLN this morning.

A couple of possibilities:

1) They're very bullish on PCLN in the very short term, or

2) They're short 100,000 shares and by exercising these option they can cover all at once without driving the price up and involving them in a squeeze.


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