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To: men mailman who wrote (1217)3/3/1998 6:17:00 PM
From: DRRISK  Respond to of 2068
 
"All in all I see strong support here and if I were Raptor I would sell my puts and cover my shorts. However who am I to say. Time will tell."

IMO you make a big assumption that he is short and secondly if he is short I doubt that his position reflects his arrogance, anyway, I agree with your assessment. And 17 still looks good to me for now. GSCO let up alot today. They may have exhausted their position.
DrRisk



To: men mailman who wrote (1217)3/3/1998 6:29:00 PM
From: Premier  Respond to of 2068
 
mailman:

An interesting observation on puts/calls. Tell me if my understanding is correct. Assumption here is that option sellers are professionals and buyers are novice consumers like myself. In order to protect my long position I buy puts and professionals gladly oblige me by taking $3 from me. The professionals would want to keep the price high to make my put worthless and pocket the $3 premium.

Is that correct? In your observation, do you consider put/call values in addition to volume?

Thanks and best regards

Premier



To: men mailman who wrote (1217)3/3/1998 6:44:00 PM
From: Thomas Haegin  Read Replies (1) | Respond to of 2068
 
Mailman, that's an interesting, worthwhile little thing you point out here: << The float is a small one with only 79 mil. shares outstanding and MANY closely held (Price, Fidelity, etc). >>

Thanks, Thomas



To: men mailman who wrote (1217)3/4/1998 1:33:00 PM
From: men mailman  Read Replies (3) | Respond to of 2068
 
I would appreciate if anyone would post the WSJ article or at least a brief overview.

It seems they are talking about the TPG deal.

I wish that deal falls apart. We probably will get a much better deal as time passes.

If indeed TPG had in mind to do the deal and then throw in 13th hour blackmail to sweeten the deal. I would tell them to WALK. The shareholders offered them more than enough, and at a vote would probably have been rejected by the shareholders.