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Technology Stocks : PSFT - A new high. Should we expect more?
PSFT 0.00010000.0%Oct 29 5:00 PM EST

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To: Jim Rathmann who wrote (347)5/11/1997 6:52:00 PM
From: Chuzzlewit   of 419
 
Thanks Jim. Your answer raises an interesting question. If the expiration of options will make the MMs push the price of the stock down, wouldn't arbs be taking advantage of this by selling short in advance of the expiration date? In other words, wouldn't the arbs have already taken the downward pressure out of the stock? As for momentum players, who knows (other than O'Neil)? IBD gives it a relative strength of 73, and relative EPS growth of 99. Do momentum players bail out at these numbers?

If your prediction is right, I'll be buying more come expiration date.

Thanks,

Paul
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