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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Shack who wrote (58728)1/17/2001 2:49:41 PM
From: KeepItSimple  Read Replies (1) of 436258
 
Are you crazy? There are a boatload of puts on mo-mo fantasy tech stocks that need to be taken out to the woodshed. It only takes a few million dollars of futures manipulation to blow out those options positions.

As with all monumental declines in the history of nasdaq (100% of them) it will occur within a few days of options expiration. "Maximum pain" is not just an idea, it's the reality.

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Your call of this morning's high being the week high is looking possible at this point. It would appear that they won't move it past until the gap is closed anyways.
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