Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: Rob C. who wrote (3767)	10/8/1997 1:50:00 PM
From: Wendell Holmes	of 26039

Rob, I think everyone hear knows that you can't learn anything with your mouth open. Healthy skepticism and discussion are welcome here. I wonder , with the stock trading at 11 1/4, half way between strike prices, why it should drift down instead of up. I have heard for the last ten years or so that stocks TEND to trade to the strike price, but I'm beginning to view this as more of an urban-myth type of thing. I would dearly love someone to point me to a link that does a mathematical analysis of this "trend". I'll bet you a cyber-cigar and bragging rights til the Nov expirations that we end up closer to the higher price than the lower one. Further credit if you can pose a scenario that makes economic sense for this 'trend' that I can't find an equally plausible explanation for it to go the other way.

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