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Technology Stocks : PairGain Technologies

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To: Tony Harper who wrote (4678)	6/19/1997 10:25:00 AM
From: trouthead	of 36349

Tony, I think what people were saying is that it would be held under 20 until after options expire. Not that it would get close. But , you should know that I don't have a clue when it comes to option trading. What I picked up from reading this very uninformative thread is that the MM's stand to lose money if the price goes over 20 because that is the expire price of the options. If it goes above 20 those options will be "in the money". If it is under twenty they expire worthless. Help I think I am begining to understand! Somebody stop me before I trade again! beeps

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