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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Bob Biersack who wrote (23908)	12/4/1998 7:41:00 PM
From: Alski	Read Replies (1) \| Respond to of 79775

Thread, Volume on Bob's IFMX has been big for three days on takeover speculation. From biz.yahoo.com "Call options on shares of database software company Informix Corp (Nasdaq:IFMX) attracted speculative bids on rumors of a takeover deal, traders said. December 7.5 calls traded more than 3,600 contracts by late trade, the busiest call option on the CBOT. Implied volatility for the contract rose to about 100 percent on the offer side, rising more than 20 points from the start of the week." "The brokerage trader noted that total option volume had ballooned each day from 172 contracts five days ago to about 7,000 contracts on Thursday and 14,000 contracts today. 'Yes, there's definitely some kind of takeover or something going on,' he said." However, "A trader at a Midwest brokerage firm said he was skeptical about an imminent deal. He noted that Informix had been a perennial takeover target, with fresh speculation resurfacing every few months." "The stock was up 5/8 at 7-5/8." FWIW...Alski