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Strategies & Market Trends : Tech Stock Options

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To: Teri Stephenson who wrote (20017)	8/18/1997 5:37:00 PM
From: J R KARY	of 58727

Terri:. a good "text book" explanation of stock prices v options ? Could there be another reason why stock prices fluctuate at their option expirations ? Possibly real world "manipulation" ? Consider IBM dropped to 99 on Friday and closed at over 104 Monday after a distinguished brokerage published this early Friday "news" : techstocks.com Robertson ,Stephen's news release is not sinister but a nervous market bought it . In most expiration situations the text book version prevails . At least I hope so , but then I also believed in the Easter Bunny . Regards, Jim K.

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