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Technology Stocks : Compaq

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To: Dulane U. Ponder who wrote (17710)2/20/1998 9:53:00 AM
From: MIKenn  Read Replies (3) of 97611
 
Dulane:

>>Re: It is well known that stock prices are manipulated re options expiration and that this is a legal strategy

Legal or otherwise, it is not well known to me (perhaps because I don't know very much). My statement is based on logic: How can the relatively few holders of option positions manipulate the share price of a company that is so widely held and traded?

Do do so implies a strategy of buying high and selling low--that does not compute.

Perhaps you can refer me to an explanation of how manipulation to serve options traders works, for I should like to read it.

Thanks,

KQB
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