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Technology Stocks : S3 (Multimedia semi's place 2be)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: lee kenigson who wrote (9236)6/19/1997 2:51:00 PM
From: RAY WACLAWSKY   of 9477
 
What I find amazing is the timing of the downgrade!
Open interest on the calls/puts for June:
10=881calls 1047puts
12.5=1626calls 355puts

If they are successful in bringing the price down to 10, they eat it all. It would be nice to know which MM wrote the options!!!!

This market is amazing!
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