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Technology Stocks : Intermagnetics (IMG) -- Ignore unavailable to you. Want to Upgrade?


To: Steve in Vegas who wrote (3009)3/31/1999 8:08:00 PM
From: Mark Shaw  Read Replies (2) | Respond to of 3448
 
Something has to be up, Steve. I remember a post of yours 3 or 4 months ago in which we discussed that IMG calls couldn't be given away at the time. Now we are seeing a lot of activity in the out-of-the-money calls. Stock was up most of the day then about 10,000 shares traded in the last 15 minutes and it went back down to 8-1/4. This stock sat there for months doing absolutely nothing and now all of a sudden it's trading several times the average daily volume with no news to account for this activity. None of the recent press releases reveal anything which would cause this activity. If some co. is acquiring stock with the intent of taking over IMG we'll know soon since they will have to file with the SEC once they hit 5%.