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To: Bill Harmond who wrote (14432)8/23/1998 11:18:00 PM
From: Jan Crawley  Read Replies (3) | Respond to of 164684
 
William,

Is it possible that Cramer "knows" that Vinik is trying to get out or half way out??

I say it's possible!

p.s. per CBOE options table, if Cramer bought 500 Oct 115 contracts @$10 premium, that's half a million.



To: Bill Harmond who wrote (14432)8/24/1998 11:40:00 AM
From: Don Westermeyer  Read Replies (2) | Respond to of 164684
 
Cramer is probably trying to recover from the Cendant disaster?


I think Cramer is making the double mistake of taking a high-profile short position when he has a fledgling reputation at stake, and has rivals probably now itching to run him in. "Hey world, this is Cramer, budding cyber-threat to Dow Jones, and I've just bet my reputation shorting the strongest stock in America based on a weakening competitor's financing play!" Bad form Cramer.