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


To: Rational who wrote (5312)11/19/1997 7:56:00 PM
From: scott harrison  Read Replies (1) | Respond to of 9124
 
Everyone: One reason Quantum may have been keeping their silence IMO: Michael Brown has been traveling, and won't be back in the office until Friday. So maybe IR won't say anything until he gets back, they all sit down and figure out exactly what to say. Another contact at QNTM: rclemmer@quantum.com Rick Clemmer, CFO. scott



To: Rational who wrote (5312)11/19/1997 9:47:00 PM
From: Dwight E. Karlsen  Read Replies (3) | Respond to of 9124
 
Sankar, it appears not to be a bullish trade. Note the OI on Feb 27.5 is only 517. This Someone sold the calls, whether they are covered by shares or not who knows. I wasn't sure myself what happened there until I saw this post from earlier today:

techstocks.com

from the story:
NEW YORK (Dow Jones)--One bold options trader shorted the equivalent of a million shares of Quantum stock, worth some $3.08 million.

I wonder what that trader is thinking. I think they are crazy.