To: CalculatedRisk who wrote (8902 ) 3/12/1998 7:18:00 AM From: steve goldman Respond to of 11057
Calculated, I went back and looked at your post and yes, infact, you stated two things: 1.) You had an employee freind at WDC who was telling you things re: rampant rumors, **not actual known fact, and 2.) You have a another freind is a top exec who you stated did not tell you this. Perhaps I misread it, but it is also difficult to tell when someone is being slight (sleight?), which is what I thought you were doing which is why I trying to clarify that which you said. If I misunderstood, I do infact apologize. If anyone on here follows the thread I host on SI Subject 15612 , you will know I dont always have time to read each and every message, and I do not know of your previous statements of relationships with WDC personnel. Subject 15612 As anyone reading this thread knows, I like this stock and feel that it could be a reasonable takeover target given its discount to revenues, strong management and efficient operations. I know noone at WDC and was only pointing out the strong, very strong action in the stock yesterday, the incredible option actions in the March and APril calls (which then later hit the news because of their action) and was indicating that such strength in the stock, the size of prints and size of option is generally associated with larger players getting involved....it might corroborate a takeover rumor. Clearly trading on insider information is illegal and if anyone has such information and trades upon it, they should be held accountable. I dont recall the name ofthe poster, but to address their issue, what we are discussing here are the current rumors, their possible legitimacy, the sources of the rumors and potential for coming to fruition. Making money on the rumor of a buyout is not illegal. Making money on insider information is illegal. Regards, Steve@yamner.com