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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (1795)	11/27/1997 12:49:00 AM
From: Dale Baker	Read Replies (1) of 4969

Steve - I've enjoyed lurking on this thread very much. Your opinion on recent action in BNGO/BNGOW: consensus is that MM's and arbitrageurs have been playing ping pong with the share price since warrants were called not long ago. I hear this is not unusual when warrants are called, and there is often a bounce near the end of the warrant call as the supply dries up and MM shorts have a harder time covering. What's your take on MM manipulation of warrant call situations? Thanks.

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