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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: chic_hearne who wrote (105560)4/14/2000 2:34:00 PM
From: niceguy767  Read Replies (1) | Respond to of 1571986
 
chic hearne:

Re: Agreed, particularly with one that trades on New York...If the markets stabilize/strengthen between now and April expiry date and AMD remains around current levels (i.e below $80) I would then have to re-examine my "fair-trading" assumption...The current market malaise makes it exceedingly difficult to strip out any "heavy hand" factor...



To: chic_hearne who wrote (105560)4/14/2000 2:54:00 PM
From: tejek  Read Replies (1) | Respond to of 1571986
 
Say we only do 3,000,000 shares at average of $70, that's $210,000,000 per day the next 6 days. Even if someone had the money to drive the price down, would it be worth it? Wouldn't you waste more money shorting the stock to drive it down than just taking your lumps in the options?

chic,

I don't think they are shorting the stock; but rather selling stock that they bought much cheaper and taking the profit, and then when the price drops, buying back in at the lower price. With the large firms a two point cheaper stock is a big gain because they buy their in such large lots.

ted