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Technology Stocks : General Magic
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To: Mike Gordon who wrote (2412)6/24/1998 1:26:00 PM
From: Seconds Out   of 10081
 
Mike, I was just discussing the same thing at lunch today. Not that normal profit taking isn't to be expected from time to time, but it seems to me that right at the start of trading we got pulled down on fairly high volume and then stabilized on more moderate volume.

I certainly had thoughts the last few days of converting some of my equity position to options in hopes of magnified returns. I did not, but it got me thinking as to the effect that the start of options trading today might have on the price. My conclusion was that it would pull down the price in the immediate short term but would ultimately have the opposite effect.
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