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Strategies & Market Trends : Tech Stock Options

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To: wiley murray who wrote (42420)5/6/1998 6:45:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) of 58727
 
the stock was halted one place but not another (but people didnt know it) ...but it was due to an order imbalance which people found out later...but because of the news flash from reuters people thought it was this merger thing and bid the stock up on instinet..blah blah blah
dont ask me to explain any more than that ...

suffice it to say whatever happened was "bizarre" according to Joe K and it was all after hours...

this was posted on briefing.com in the after hours category....

Mellon Bank Corp (MEL) 73 1/4 +3 3/8: stock up today on speculation Chase Manhattan (CMB) is preparing a bid for
MEL, which recently spurned a hostile offer from Bank of New York (BK). According to a Reuters a story, analysts are
concerned that at current multiple, CMB would be hard-pressed to top the BK offer of about $90 per share. Shares of both
MEL and CMB are currently halted, on news...
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