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Technology Stocks : Emulex, What Prospects? -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (478)8/25/2000 4:59:13 PM
From: Archie Meeties  Read Replies (1) | Respond to of 788
 
"Who else would profit?"

You could make money on both sides of the trade... right?

And which one is looks bad? Shorting before the bogus news, or buying after it tanks?

I know shorts are dumb, I'm one of them... but not THAT dumb. -g-



To: Peter V who wrote (478)8/25/2000 5:27:47 PM
From: CatLady  Read Replies (1) | Respond to of 788
 
"Of course a short will be blamed, if it was in fact a bogus release. Who else would profit? "

A less obvious way to profit would be by buying calls on the way down, then sell after the recovery. Only someone who knew the PR was phoney could do so with complete confidence that the stock would later recover.

Sept. 65 UMQIM traded 300 contracts today, as low as 1 3/16 and as high as 51 1/4, according to my data vendor. $5000 potential profit per contract. Wow.


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