OXPS takeover chatter - bluedog

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OXPS takeover chatter
Jun 03, 2008 07:18 PM UTC

bluedog

Return	Risk
-6.46%	MID

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Symbol	Sentiment	Start	Return	Closed
OXPS		06/03/08	-0.97%	06/24/08

Via Bluedog:

Total volume is running 9x greater than normal in OptionsXpress (OXPS) with most of the activity focused on buying June $22.5 and June $25 calls. The unusual activity is being attributed to takeover chatter. OXPS is an online broker focused on the trading of equity, ETF, and index options. It has long been mentioned as a possible takeover play in the consolidating area of online brokerage. Whether it's taken over or not, I like OXPS and will continue to hold as long as the technicals support.

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