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Technology Stocks : Gemstar Intl (GMST)

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To: Paul Merriwether who wrote (152)	7/16/1999 10:16:00 PM
From: NY Stew	Read Replies (3) of 6516

Paul and Teflon, Don't know much about daily moves or what meaning(s) they have but this was posted on Yahoo this evening: A BOAT LOAD of calls traded today. It looked like someone closed their July position and opened an August position......1200 contracts. Needless to say this was not Joe E. Trade. This kind of volume occured days before GMST exploded from 55 to 110 (pre-split). Someone with deep pockets is making a large wager When I don't like what is happening on any given day or week I just pull up a two-year chart and sleep very well. Regards Stew

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