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Technology Stocks : Compaq

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To: Roads End who wrote (17667)2/19/1998 12:17:00 PM
From: zalesky  Read Replies (2) of 97611
 
TO RIECHERS: The options RACKET works like this:
If you bought a CPQ Feb 35 call recently you will
begin to make a good chunk of change on your option
when the stock price goes several points higher than
35 bucks. Since the market makers know this they sell
tons of stock at or slightly above 35 to keep the
price artificially low to limit their losses/or make
significant profits. Also at this time thousands of
folks don't think CPQ will go much above 35 (AS WE'RE
Experiencing NOW) and decide to cash in their chips.
The market makers turn right around and DUMP millions
of shares associated with these call contracts further
depressing CPQ's stock price. Anyway, like I always
say YA LIVE, YA LEARN AND HOPEFULLY MAKE MORE $$$!!!!
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