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Technology Stocks : Compaq
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To: MeDroogies who wrote (87977)12/15/2000 10:53:56 AM
From: Seamus McKenna  Read Replies (1) of 97611
 
this is just a bit much

Month after month, on option expiry day, Compaq closes right on a low strike price, often holding that price for most of the day with the graph moving in a very uncharacteristic horizontal line. For a few months running, this price was almost guaranteed to be £27.50. Today it seems to be $17.50.

I'm slow to use the word "manipulation", because I thought the SEC had things like that well policed. Right now, though, we're being asked to believe in just one coincidence too many. Surely, there are grounds here for at least an investigation of what's going on.
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