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Becton, Dickinson and Company Message Board

sdroid 67 posts  |  Last Activity: Oct 27, 1998 5:12 PM Member since: Jan 27, 1998
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  • at the ask price. MXIM puts out earnings Tuesday.
    I noticed their estimates only came down from .34
    to .33 while LLTC's came down from .62 to .54. LLTC
    came in at .56, .02 ahead of expectations. Does anyone
    think MXIM will hit .33?

    I'm guessing whoever
    bought 500 Nov30 puts today doesn't think
    so.

    sdriod

    ps (I also have a few Nov30 puts on MXIM,
    but it's chump change compared to what I just saw go
    today)

  • Reply to

    off topic...

    by daytrader70 Sep 11, 1998 9:42 PM
    sdroid sdroid Oct 14, 1998 3:32 PM Flag

    So what do you think of LLTC's big day, and did
    you go short today, or will wait it out a little to
    go short? Just interested in how others play the
    stock. It's volatility certainly lends itself to playing
    it short, and long term it is definitely one of the
    best semi companies. But you can also get squeased by
    the volatility.

    sdroid

  • Reply to

    Tomorrow Open Much Lower

    by garliu Oct 12, 1998 4:42 PM
    sdroid sdroid Oct 12, 1998 5:03 PM Flag

    First of all they'll never go near "somewhere $10
    -- $15". They have $12/share cash. Who would sell
    their shares below the value that the company has in
    cash reserves?

    Are you a complete moron? If
    you're short, and hoping LSCC will go down so you can
    benefit, babbling on and on with statements like "LSCC is
    a slow slow company!!!!!!!!! " is not going to make
    anybody jump ship. So spare us your drivel!

  • Reply to

    atmels stock should be up tommorow.

    by negative_beta Oct 7, 1998 5:14 PM
    sdroid sdroid Oct 12, 1998 4:14 PM Flag

    1 contract is for 100 shares. So 1/2 per contract
    = $50/contract. 1,000 contracts x $50 = $50k. So
    whoever bought these contracts is either buying himself
    some insurance to cover his long position (doubtful),
    or is confident the price will be below $7 by this
    Friday (expiration date). Then he'll sell his options
    back for 3/4, 1, or whatever. Get it?

  • Reply to

    atmels stock should be up tommorow.

    by negative_beta Oct 7, 1998 5:14 PM
    sdroid sdroid Oct 12, 1998 3:21 PM Flag

    at 1/2 per contract. Somebody's betting $50k on a bad earnings report. That doesn't make me feel real good about my long position. Hope they're wrong.

    sdroid

  • I'd be buying this in a heartbeat. I don't think we'll be seeing under $50 for long.

  • Reply to

    Well, Well, Well

    by oops1e Aug 27, 1998 9:31 PM
    sdroid sdroid Aug 31, 1998 4:53 PM Flag

    3 months ago you're touting XLNX like it's the
    greatest stock out there to own. They miss their estimates
    and you get burned (a lot of us did), then you start
    bad mouthing the co. We'll they came down to 30
    today, so I guess you're a genius. What's that? The
    whole market got socked. Hmm, maybe you were right for
    the wrong reasons. Well in any case, I'm sure you're
    making money because you must have shorted or bought
    puts when XLNX was 40 a week and a half ago,
    right?

    Just don't come on the board saying I told you so
    unless you put your money where your mouth is. If you
    made some money betting they'd go down good for you,
    otherwise I'd rather not hear your junk.

    sdroid

  • Reply to

    Quotes from clowns

    by hollister9 Apr 24, 1998 11:48 AM
    sdroid sdroid Aug 7, 1998 5:03 PM Flag

    I was wondering about those xlnx shares you
    bought. You're not being greedy asking for $2.50 for your
    xlnx and $5 for the altr are you? I can't see them
    hitting that in the next two weeks, but I guess it
    doesn't hurt to fish another day or so. If you don't get
    them Monday, I would lower my expectations if I were
    you. But then who am I to give advice. I sold Aug40
    xlnx calls a week and a half ago for $1.50. I was
    happy at the time thinking xlnx and all semi's would
    continue to flounder for another month or two. Well I
    guess we'll find out next week whether the bump up in
    semi stocks can be sustained or if it is just a flash
    in the pan like mid July.

    Good
    luck

    sdroid

  • Reply to

    insider selling

    by gamas_gamas Aug 5, 1998 9:36 PM
    sdroid sdroid Aug 7, 1998 9:28 AM Flag

    " Besides, many individuals (myself included)
    routinely buy hundreds of options contracts at a time on a
    whim. "

    I buy options too (5 to 10 at a time),
    but not hundreds on a whim. I've lost enough on
    options when I thought I knew what I was doing to not
    stop buying on whims. I agree that it is probably some
    money manager trying to capitalize, however $662,000 is
    a lot of money to take a chance on when it expires
    in 2 weeks. The put volume was not a bunch of little
    guys, it was two 1,000 contract trades.

    I still
    think whoever dumps that kind of money into two option
    trades must be doing more than
    speculating.

    sdroid

  • Reply to

    insider selling

    by gamas_gamas Aug 5, 1998 9:36 PM
    sdroid sdroid Aug 6, 1998 1:53 PM Flag

    You can read up on calls and puts and option strategies at www.cboe.com.

    sdroid

  • Reply to

    insider selling

    by gamas_gamas Aug 5, 1998 9:36 PM
    sdroid sdroid Aug 6, 1998 12:24 PM Flag

    I don't like reading all gama's negative posts
    either, but as far as techs moving up short term (even
    cream of the crop techs like MXIM & LLTC) and staying
    there, I think I have to agree with him.

    I just
    checked out the cboe and saw a disproportionate amount of
    puts bought vs calls. Check this out:

    1) 300
    Sep30's @ 1 1/16 ($31,800) at 10:34am 8/6
    2) 1,000
    Aug35's @ 1 5/8 ($162,500) at 11:09am 8/6
    3) 1,000
    Aug40's @ 5 ($500,000) at 11:10am 8/6

    I would
    assume #2 and #3 were bought by the same party/MM. That
    just seems like a lot of change to plunk down on
    options if you're not confident in the direction of the
    stock. I'm certainly no expert in interpreting what
    those trades mean, or what the buyers and sellers of
    those trades are thinking. My guess/opinion from seeing
    big option blocks like that in the past is this: The
    buyer is very confident that the price is going down
    before the expiration date and will sell the options
    after the price has headed south.

    I'm thinking
    of purchasing some puts myself, but am a little cash
    strapped. Anyway, I currently have no long or short
    position in MXIM, but would like to get some other
    opinions/interpretations on those option trades above. What is your guys
    take on them?

    sdroid

  • Reply to

    any thoughts

    by jjjjnyberg Jul 23, 1998 7:55 PM
    sdroid sdroid Jul 29, 1998 2:25 PM Flag

    your return is -50%.

  • Reply to

    getting there

    by meltastock Jul 22, 1998 1:34 PM
    sdroid sdroid Jul 29, 1998 12:05 PM Flag

    "... I firmly believe that those of us who hang
    on and ride out this storm will be well rewarded in
    due time."

    I sold 2/3 of my holdings in this
    dog a month ago, I'd be more than happy to get out my
    remaining shares where I bought (20 1/4). I'll be getting a
    margin call if this dead fish sinks
    anymore.

    sdroid

  • Reply to

    Free stock newsletter

    by paulYee88 Jul 22, 1998 9:26 AM
    sdroid sdroid Jul 27, 1998 9:57 AM Flag

    Ok Mr. Smart guy

    Yeah I've got some Aug
    calls that I bought before the report that I surely
    will lose money on, and your statement that puts could
    be used to leverage or hedge against a report that
    was less than stellar is not unreasonable at all. In
    fact I was considering just playing the volatility
    (buying puts and calls).

    The reason it burns me is
    not because I guessed wrong. The reason it burns me
    is because it is obvoius to me in hindsight that
    someone found out about the report hours before it was
    released. The timing of the puts bought (1-2 pm, i.e. hours
    before the release of the report) and the block size (no
    equivalent size of calls bought to counter those puts), and
    how far out of the money they were, tell me that
    someone knew the content of the report. If the person was
    just hedging, why didn't they buy those puts a few
    days earlier when the stock was at 74-76. They'd have
    been a lot cheaper. Answer: they didn't know at that
    point. If you can't see that after I've spelled it out
    for you than give me a break.

    If you bought
    some puts because in your analysis you saw it coming,
    good for you.

    sdroid

  • Reply to

    Insider Wire

    by DaInsider Jul 16, 1998 12:16 AM
    sdroid sdroid Jul 22, 1998 10:20 AM Flag

    eom

    sdroid

  • Reply to

    Free stock newsletter

    by paulYee88 Jul 22, 1998 9:26 AM
    sdroid sdroid Jul 22, 1998 10:00 AM Flag

    Checking out the puts yesterday. When I saw a
    block of 100 Aug60 and 50 Aug65 puts bought in early
    afternoon at the same time @ when stock was still up around
    68, I should have taken that as a signal. Who in
    their right mind is going to buy 100 puts 8 out of the
    money hours before earnings release w/o inside
    info.

    It really burns me!

  • Reply to

    Insider Wire

    by DaInsider Jul 16, 1998 12:16 AM
    sdroid sdroid Jul 20, 1998 5:11 PM Flag

    " LLTC will beat the estimates by 2 cents. Ans
    they will announce stock split. "

    Based on
    ADI's warning today, how can you make this statement.
    And as far as the split goes, I believe I've read
    before that they wouldn't do that before their fall
    board meetings. I own calls on LLTC and would love to
    see them beat estimates by 2 cents, but do you know
    something, or just cheerleading?

    sdroid

  • Reply to

    jag

    by trackbob Jul 20, 1998 3:58 PM
    sdroid sdroid Jul 20, 1998 5:02 PM Flag

    " Last earnings the stock ran up 1 point the
    first day and then 7 the next day. So, it was a total
    of 8 points over two days."

    Last earnings
    came out after the close on 4/14, they beat estimates
    by 1 penny (.59 vs .58) and the stock
    soared.
    4/14 closed @ 63 15/16
    4/15 up 10
    4/16 dn
    1
    4/17 dn 11/16
    4/20 up 3 1/2
    4/21 up
    11/16
    continued to climb following 2 wks until it leveled out at
    80 and change.

    As for "two weeks from now it
    should be between 81 and 85", I would agree with you if
    they meet or exceed earnings, but unless you're an
    insider or somehow know the earnings, there is no way to
    justify that statement. I hope you're right, because I
    own some Aug calls, but with ADI's announcement
    today, I'm not feeling real confident about meeting or
    beating .62. The run up over the last week was clearly in
    anticipation of good earnings, but it seems the sentiment has
    become less sure.

    I like these guys long and
    would not worry about the peaks and dips too much if I
    was holding them (though I don't own any yet), but
    short term, all I can say is it's probably going to be
    volatile, and could go either way depending on Wed
    earnings.

    sdroid

  • Reply to

    altr

    by Moonman00 Jul 15, 1998 5:19 PM
    sdroid sdroid Jul 16, 1998 5:07 PM Flag

    Remember Intel missed and look what happened the
    next day, SOX jumped 7%. And if you want to compare
    programmable logic companies, look at LSCC. They originally
    had est of .58. Ok they warned and got slammed (6/11)
    price 35 down to 26. Then their estimate gets refigured
    to .40 just days before they announce, and they come
    in at .41 and now they are over 36. Their revenue
    was down 22% and earnings down 30%. (Of course I did
    the logical thing and bought puts on them - losing
    venture). So who knows, maybe XLNX goes up
    tommorrow.

    I know, I tend to want to be logical too, but
    nothing makes much sense when trying to predict stock
    movements anymore.

    sdroid

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