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To: Steve Andrew who wrote (22180)10/19/1998 11:19:00 AM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Be careful as I really do anticipate another round of squeezing. I believe the apparent easing of available

Steve, did you hear anything regarding to the selling of the 3 million shares by the Junglee/Plant. people?



To: Steve Andrew who wrote (22180)10/19/1998 12:03:00 PM
From: IceShark  Respond to of 164684
 
Steve, I'm out of it totally at the moment, fortunately my Oct icecubes were melting from a time standpoint and were all deep in the money. (As an aside I had a very strange thing happen to me. I put in an order on one set of puts to close, at the market close [I had to do it this way for a couple reasons]. I figured I would get clipped pretty good, but I actually got 30 cents more than they were ITM! Must have been fast and furious down in the pits. -g- Or, they closed my position out early.)

I agree that another round of squeezing is likely on earnings, baring some market crash. Shares became available to short. The earnings report has been set up to beat revised expectations. Plus, there could be a split. And the option vols are sky high. The risk on a short position is sky high and I will stand aside and await the time to attack.

Regards, IS