Compaq Message Board - Msg: 4494411

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Technology Stocks : Compaq

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To: zurdo who wrote (26261)	5/18/1998 1:01:00 AM
From: Tony B	Read Replies (1) of 97611

>>> J.P., You've put your finger on exactly what's happening....This is one of the most manipulated stocks on wall street...The big money sold scads of options, and they have the leverage to keep the stock within a narrow enough band to take the option buyers' money...This sucker play happens over and over with this stock. <<< Why not play the game with them? When the rally fizzled last week in the 32-33 range, you could have sold the May 30's for 3+ and bought them back today for 1/4. It seemed obvious that there was an effort to bring the price near 30. The fact that they couldn't quite get it there is bullish- lots of strength buying the dip. There may be selling pressure early this week as lots of those 30's are called away and the stock immediately sold. BTW....I don't condone the "manipulation", but if you see it happening, don't fight the trend. Use it to YOUR advantage. Good Luck TB

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