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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?


To: otter who wrote (5649)3/10/1999 3:38:00 PM
From: Linda Kaplan  Read Replies (1) | Respond to of 6565
 
I agree. The stock will not move with ordinary market machinations, so anyone buying now expects the buyout to give us a higher price. I think they wouldn't do that for a half point, because the downside risk would be too great. They must feel pretty confident on a much higher settlement of this buyout situation. I'm just speculating on what's going on, of course, but I can't see any other reason for anyone to buy at 18-1/2 and there's been a lot of buying there today.

Linda



To: otter who wrote (5649)3/10/1999 4:07:00 PM
From: Linda Kaplan  Read Replies (1) | Respond to of 6565
 
The 17-1/2 options for March and April moved up A LOT today. Not just a little, like the stock. The March is bid at 1-1/8 and it started the day bid at 3/4. The April is bid at 1-7/16 now. Volume on the April 17-1/2 calls shows at 2300 on quote.com, which I think is inaccurate. They usually don't have all the info. Whew and it looks like we closed at 18-1/2. I feel like Drew Barrymore in ET, saying "something is haaaapening....."

Linda