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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?


To: Syl98 who wrote (2360)5/27/1999 7:42:00 PM
From: lib  Read Replies (2) | Respond to of 3896
 
Could it be today that a lot of shorts cashed in finally after options began yesterday. Wondering about todays extreme gyration, and there seems to be very little t.a. out there to explain it. I thought the strike price on the options was a little high given the price of the shares recently, a possible indication for shorts to get the hell out and "block buyers" to take a position. Or maybe that news we've been waiting for since Jazz called it last sunday is now surfacing.

The u.s. market should be rather weak tomorrow given the long weekend ahead. Hard to call it tomorrow....