Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (8528)	12/12/2000 8:37:51 PM
From: Mephisto	Respond to of 34857

I hope that they are wrong. Ibexx, do you think it would be a good idea if Nokia bought LU? The big problem for Nokia is that LU's management is not as agile. Most likely, Nokia would have to replace most of them. Cheers, Mephisto

To: Ibexx who wrote (8528)	12/12/2000 9:03:59 PM
From: Robert T. Quasius	Respond to of 34857

Here's what the report actually said. Your post could be read two ways: that an institution sold a 4000 contract block of naked calls, or an institution sold a long position. The story makes it clear it is the latter. Sounds like an institution had a nice profit it wanted to protect in case NOK saw a significant drop in stock price after the recent run-up. It might not be the case that the seller thought NOK would buy LU, but rather wanted to protect a profit. "It appears as though an institution liquidated a 4000-contract block of the deep in-the-money January 32-1/2 calls on Finnish wireless cell phone manufacturer Nokia (NOK – 50-1/16). The liquidation comes amid rumors that NOK has networking firm Lucent Technologies (LU – 18-15/16) in its sight for a possible acquisition."