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Strategies & Market Trends : Canadian Options -- Ignore unavailable to you. Want to Upgrade?


To: Porter Davis who wrote (997)4/27/1998 6:02:00 PM
From: thebeach  Respond to of 1598
 
Can you explain the 8000 or so put option trades on Ascend today? Seems like an inordinate amount of options to trade? I would appreciate your input,thanks.Symbol on NAsdaq is ASND option symbol is QQA.



To: Porter Davis who wrote (997)4/27/1998 6:40:00 PM
From: Terry Maloney  Read Replies (1) | Respond to of 1598
 
<very suspicious short-covering, imho>

Porter (or anyone),

Could you explain this a little bit? What's suspicious? That shorts might be covering just temporarily to cause a bit of a recovery, luring buy-the-dippers back in?

Thanks in advance,
Terry

PS: Glad you're daughter liked the show! I remember the first time I saw the Stones, more than thirty years ago ...