3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Finder who wrote (13347)	1/16/1998 3:54:00 PM
From: jhild	Read Replies (1) of 45548

Well, Finder I agree there is an effect called "pinning" contrary to whether others want to try to dismiss or ignore this effect. I think of it more as a "gravitational effect" where the greater the number of contracts open the greater the liklihood that it becomes a self-fulfilling prophecy. Volume hasn't been too great this afternoon in COMS, and the price is a likely easier to move. But it has a ways to move to either strike. It's hard to see exactly where the price will go at this point, it seems to be about in the middle between the strike prices. This one may pin today. But we'll see in about 10 more minutes if there is a sudden move to confirm your opinion.

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