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Technology Stocks : Spansion Inc. -- Ignore unavailable to you. Want to Upgrade?


To: blind-geezer who wrote (3563)3/17/2008 3:27:13 PM
From: Petz  Read Replies (1) | Respond to of 4590
 
I bought some STM April 10 puts as kind of a hedge to my Spansion position. I figure that if STM were valued according to any metric as SPSN is valued, it should be at 7 rather than 10+. Second, I think there's a good chance that Numonyx might not get done at all in March, or that STM will get less than half the cash they were supposed to get for their part of the venture.

Petz



To: blind-geezer who wrote (3563)3/17/2008 5:25:13 PM
From: bobs10  Read Replies (1) | Respond to of 4590
 
you:

are we going to be sub-2 soon ???
what price are you going to add ??? zero ???

me:

I've been adding, not a lot, but practically all below $3. Ho hum, another day where the shorts drove the price down at the end of the day.

If SPSN ever turns, the way I think it will, I'm going to be indebted to the shorts big time. This stock really needs some volume to turn it around. Since that seems unlikely in this market we're probably going further down. The way things are going the stock could end up on the "pink sheets".