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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (155554)	3/12/2002 8:39:31 PM
From: LLCF	Read Replies (1) \| Respond to of 436258

<CREE warns and is getting hammered. Is this all the bad news, or is there more?> That's one of the great stories out there... hmmm, maybe I'll buy some. [at $5] -gg- DAK

To: mishedlo who wrote (155554)	3/12/2002 9:51:20 PM
From: ild	Read Replies (1) \| Respond to of 436258

<<<Some hedge fund shorted 75000 puts, strike 12 1/2 on CMVT.>>> Mish, how do you know who bought and who sold? Also I don't see that much open interest/daily volume on March puts strike 12 1/2 quote.cboe.com

To: mishedlo who wrote (155554)	3/12/2002 10:27:04 PM
From: ild	Read Replies (2) \| Respond to of 436258

Mish, yes, I found 75000 contracts, they are Aprils. They may be in the money tomorrow. You are right -- if somebody sold them naked they are in trouble. That very case - they got very little - just 40c -- but will most likely end up loosing much more.