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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (6706)6/19/1998 6:12:00 PM
From: jach  Respond to of 6980
 
<<Bay ends at $30.>>

pretty good closing for throwing away more than 65,000 contracts.
Average of 2$ per contract,is 13 million $, not a bad pocket
change to earn in one month!



To: Mark Oliver who wrote (6706)6/20/1998 1:51:00 PM
From: cbstock  Respond to of 6980
 
Hi Mark,

You are absolutely right!!! However there was a VERY big play by the MM'S that sold the calls.They were doing every thing possible to keep from having to pay off on the bets. Jim Cramer is now buying NT as are many other big guys and as BAY is collared to NT it should move on a 1:1 basis. I think the MM'S will now try to make money on the long side of the play by buying calls on Bay and covering their shorts on NT.


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