USRX Message Board - Msg: 135292

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Technology Stocks : USRX

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To: Michael Boyd who wrote (355)	6/18/1996 3:46:00 PM
From: Deepak R. Ghosh	of 18024

Michael: As far as I know "triple witching" is no longer a big deal nowadays because: 1. We see 100 point swings on the DOW and 20 point swings in the NASDAQ frequently. 2. To avoid more volatility, all the options that expire during the third week on several exchanges do so from Tuesday (today) through friday. It is for that reason the NASDAQ has come under pressure today. If I remember correctly the last "triple witchings" were rather tame. I think the bottom will be reached either today or tommorrow, and not on Friday, because most people are expecting it to happen on Friday. I have always seen that the contrarian theory works. Bad news from NWK is not helping any of the internetworking stocks. FORE is bleeding. Our only hope is that 3Com comes out with good results. I believe ASND will be the first internetworking to report quarterly results in July. Nothing can be said about the market makers and traders in the NASDAQ. They always overdo everything, either they are driving the price too high or too low. Aided by SOES bandits who are always fighting with the market makers. The best you can expect from thsi is a chaotic mess, which $1 million/year pundits are supposed to figure out. Tough Luck! Deepak

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