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To: StormRider who wrote (41466)12/17/1998 4:35:00 PM
From: JungleCat  Read Replies (1) | Respond to of 53903
 
>Man do I feel sorry for the shorts...<

I do too!!!!



To: StormRider who wrote (41466)12/17/1998 10:24:00 PM
From: Carl R.  Respond to of 53903
 
No need to feel sorry for me, I only have a small position, and haven't had a losing MU trade recently, so I'm due. I did miss the nice upmove, but c'est la vie. Plus I was long plenty of other semi stocks today, so today was a very good day for me despite this position. We'll just have to see if options expiration pressure brings the price back down to 50 or so as it should. Actually options expiration should push it towards 47.5, but I doubt it can get there from here.

The guy to feel sorry for is the option writer who wrote those 5,000 calls.

Carl