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To: Candle stick who wrote (1590)2/17/1998 11:19:00 AM
From: Michail Itkis  Read Replies (1) | Respond to of 164684
 
I believe that they are selling out their inhouse inventory to make room for the coming secondary. Prior to a secondary the underwriter needs to build up a massive short position in-house so that they can try and support the stock after the offering. Sometime before April shower a red herring will be coming our way.

Michail.



To: Candle stick who wrote (1590)2/17/1998 12:06:00 PM
From: mike jolley  Read Replies (1) | Respond to of 164684
 
Hey Candlestick -

Thought I'd jump in and buy some puts today. However, the April 60s were going for 6 3/4 when I checked. Not cheap at all!! Somebody besides you thinks this one is going to take a nosedive. Which series of puts do you suggest?

Thanks,

Jolley