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Biotech / Medical : Guilford (GLFD) - Steadily Rising -- Ignore unavailable to you. Want to Upgrade?


To: Russian Bear who wrote (195)4/3/1998 5:10:00 PM
From: Steve  Read Replies (2) | Respond to of 496
 
I have just reviewed the proxy material. Dr. Smith, the ceo, has entered into a zero-cost collar with respect to 100,000 shares of stock. Meaning he has written covered calls and used the proceeds to purchase put options.

Isn't this basically a statement that he believes the stock price is going to fall?

How do others interpret this?