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  • dontlookabearintheeyes dontlookabearintheeyes Feb 18, 2005 1:15 PM Flag


    Look at open Interest on Feb puts and you will see the only Buying interest today to settle up puts. This is the total buying interest. Very little Short covering and this slight demand disappears Monday until the March expiration. Some big instittution is trying to sell into this waning demand with very little luck ,expect an explosion of volume after 2:30 but then it quiets down again until news. Perhaps this weekend as the sooner Cooper pulls the plug the sooner he can stop Pre-petition claims. Its the smartest course so that he can negotiate from strength.

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