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Re: TJ Parker post# 146022

Friday, 08/29/2003 1:58:16 PM

Friday, August 29, 2003 1:58:16 PM

Post# of 704019
well that narrow range on pmcs revealed itself to be accumulation (mlco at 14), so it looks that that wants to squirt up, at least to a double top, if not another leg up. (i think 16 is a target there?)

very odd stock. last month, there was a huge outsized position in 15 aug puts of 300k contracts. bought/sold in the money, and the stock promptly tanked for expiration to bring them more in-the-money ...

but i get the impression that the traders on this one are just along for the ride and that bigger money is moving it at will. (which might mean that, strategically, you want to follow those 100sh bids on island tagged with the extra 0.001 ... just thinking out loud here. but certainly, this week thatwould have worked ...)

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