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Technology Stocks : Remedy Taking a hit why? -- Ignore unavailable to you. Want to Upgrade?

To: Qualified Opinion who wrote (747)	10/6/2000 1:54:03 AM
From: P314159d	Respond to of 763

Never worked the gap and reached new lows... Wahhh, but can RMDY hold here? check this option foil out and let me know what YOU think. from Schaeffers options: 10/4 2:58:57 PM Remedy (RMDY ) 16-9/16) makes help-desk software. The company's clients include eBay, Nike, and Minnesota Mining & Manufacturing. On July 26, the equity plunged roughly 20 points, or nearly 45 percent, on several brokerage downgrades following a second-quarter earnings announcement. The firm topped analysts' estimates in terms of earnings per share, but failed to meet revenue projections. Since that fateful day over two months ago, RMDY has failed to overcome this bear gap and declined to a new annual low yesterday. The equity is continuing to trade below all significant short-term and long-term moving averages. Today, RMDY is seeing some notable activity in the options pits, as the equity's October 15 put is the most-active put trading today on the CBOE. Exactly 10,000 contracts have traded at this strike, which was previously home to only 2,000 contracts. Just before 11:30 a.m., blocks of 9,000 and 1,000 contracts traded in rapid succession. The larger block was executed between the bid and the ask prices, while the 1,000-contract block traded off the ask. Additionally, 2,000 contracts have changed hands on both the October 17-1/2 and October 25 puts. Call activity is sparse today. And the option print shows the numbers: REMEDY CORPORATION (RMDY ) 16 15/16 -5/16 Symbol Last Time Net Bid Ask Open High Low Close Vol RMDY 16 15/16 11:52 -5/16 17 17 3/16 16 51/64 17 16 1/2 17 1/4 58500 Oct 2000 Call Last Net Bid Ask Vol Open Interest Strike Put Last Net Bid Ask Vol Open Interest .LRQJC 2 5/16 2 11/16 15 .LRQVC 1/2 -1/4 3/16 7/16 10000 2100 .LRQJW 15/16 -1 1/4 15/16 1 3/16 500 16 17.5 .LRQVW 1 1/2 +1/2 1 3/8 1 5/8 2000 20 .LRQJD 7/16 -9/16 1/4 1/2 8 89 20 .LRQVD 3 1/4 3 3 3/8 1704 .LRQJX 1/4 1/4 105 22.5 .LRQVX 6 5/8 +2 1/4 5 1/8 5 5/8 10 3566 .LRQJE 1/16 1/4 512 25 .LRQVE 7 5/8 +2 7 5/8 8 1/8 2000 2000 Nov 2000 Call Last Net Bid Ask Vol Open Interest Strike Put Last Net Bid Ask Vol Open Interest .LRQKC 3 3 3/8 15 .LRQWC 1 7/8 1 1/8 2 .LRQKW 1 7/16 -1 1/8 1 13/16 2 1/16 100 4 17.5 .LRQWW 2 5/16 +13/16 2 2 3/8 1 8 .LRQKD 1 5/16 1 1 1/4 65 20 .LRQWD 3 1/4 3 5/8 4 60 .LRQKX 1 5/16 7/16 11/16 5 22.5 .LRQWX 5 1/2 6 .LRQKE 1 1/8 1/8 3/8 3 25 .LRQWE 7 3/4 8 1/4 It is interesting to note the OBV shoot up at the time of the option transaction. A complex Buy trade?or simple Put sell.