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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (17934)	1/3/2001 9:30:51 PM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 60323

Limtex, I didn't see the post, but I suspect what it means is that someone bought a lot of put options (the right to sell stock at a certain price). So if the price was around 35, and someone bought January put options with a striking price of 35 (probably paying a premium of perhaps 3), then the stock drops and the put option gains almost 10 points, tripling the investment in a matter of days. The real question is how the person would have known when or why to buy the put options, given that SNDK stock had already dropped so much. This is where the possibility of illegal insider trading appears. Art