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To: VICTORIA GATE, MD who wrote (46060)1/19/1998 2:14:00 PM
From: Sonny McWilliams  Read Replies (1) | Respond to of 186894
 
VG. Oracle. Thanks. We have been discussing this. Here is one of the answers if you are interested. I had thought that this letter may make that poster feel better after being squashed by Orcl.

Message 3202972

Sonny



To: VICTORIA GATE, MD who wrote (46060)1/19/1998 6:47:00 PM
From: Road Walker  Respond to of 186894
 
VG, MD re: Oracle

Incidental to your post, on Friday 7153 contracts traded on Oracle Jan 2000 $50 strike price leap calls, very unusual for a stock trading under $20. In fact, it was the 12th most activly traded options contract. This suggests that someone probably bought 7000 leap contracts at a strike over 250% above the current stock price, a vote of confidence to say the least.

Maybe it was the CFO <g>,

John


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