Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: Seconds Out who wrote (2237)	6/11/1998 4:34:00 PM
From: Alex Glavinos	Respond to of 10081

Off the subject. An interesting article in the Wall Street about " short sellers buy common stock as well as 'Put' options." It states " Applied Magnetics Corp.'s options were a case study yesterday in fear and greed. It states that traders, who had shorted the company's stock bought stock because they were afraid their short positions would get called. At the same time they also bought 'Put" options that will go up in value if the company's stock price continued to fall. The opposite was true in the case of Bay Networks. Traders began buying back the contracts and calls. That goes to show you that shorts try to cover all their bases, but often lose money in the process. Mark, I remember your making the meeting last year. It's nice reading your posts. Cheers All, Alex