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Technology Stocks : INPR - Inprise to Borland (BORL) -- Ignore unavailable to you. Want to Upgrade?

To: ED_L who wrote (533)	7/18/1998 5:25:00 PM
From: Alski	Read Replies (2) \| Respond to of 5102

Whoever bought the 7.5s is pretty confident. Whoever sold the 7.5s AND bought the 5s isn't. They just did a "recovery spread". They're holding 100k shares and by risking "only" another $70k they get to average down with another 100k shares at only 5.7. If they bought the original 100k @ 7.75 (yesterday maybe?), their new break even is down to 6.725. Of course, I have no idea what they originally bought at, but if 7.75 is right they've got $845k on the table with a max profit potential of $180k (21% in 6 months), if the stock just stays above 7.5 that is. The stock could drop another 12% and they still break even. INPR doesn't have to get to 8.2 for those 5s to pay off pretty well. Whoever bought those 7.5s, however, is looking for 10.6 to get their 21%. FWIW....Alski