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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (1535)1/15/2001 1:53:06 AM
From: Connor26  Respond to of 5732
 
Lockups.....

ONI Sytems (ONIS:Nasdaq - news): Due to a follow-on offering by ONI Systems back on Oct. 24 of 2000, the lockup expiration was altered to extend the release of 79,271,021 shares to Jan. 22, 2001. I look at this opportunity as I would a big, juicy, red meatball floating in a plate of Grandma Falbo's pasta -- tasty and hard to leave alone.

Watch out for Corvis (CORV:Nasdaq - news): Without a doubt, the Corvis lockup would be my focus this week. With just over 184 million shares being released on Jan. 23, this situation represents significant opportunity for shorts.