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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Jacques Chitte who wrote (4601)	6/23/1998 7:56:00 PM
From: chester lee	Read Replies (1) \| Respond to of 7041

How can you tell weather they were buys or sells?? Besides, with 200 contracts in Aug and 200 in Nov, maybe this is someone's attempt at a calendar spread. There were also 75 Aug 30's. Who knows. I started shorting at $18 and rode it up. Now it's coming down, and I'm happy. It's one thing to be long a stock and buy calls (not in that order), but I can't see how a short is going to make money buy shorting first and then buying puts or buying puts. He/She would have to buy the puts first, and then do serious selling to drive the price down. Shorts have to cover their position, so any volume driving the price down, will also drive the price up when they cover. I'm just rambling, trying to figure it out chester