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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: studdog who wrote (9574)11/12/1997 5:49:00 PM
From: vegetarian  Read Replies (1) | Respond to of 94695
 
Nope, I am not shorting IOM or said I would short it.
In fact I was long till few weeks back, sold in 30s.
Although IOM has been doing well, my point was it is not obvious that they would go up significantly on the news.
Also I hope the management is not trying to anticipate market reaction to the news and play it, that is not a useful thing to do.
Also, I still don't see a need for a 28$ stock to split 2:1.



To: studdog who wrote (9574)11/12/1997 6:47:00 PM
From: Lazarus_Long  Respond to of 94695
 
<< Be careful shorting it (IOM) >>
Wish you'd said this before. I bought puts @25 on IOM and they're still underwater. I expected the bear market to get serious by now.