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Strategies & Market Trends : Tech Stock Options

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To: Patrick Slevin who wrote (43514)	5/19/1998 2:03:00 PM
From: Kevin	Read Replies (1) of 58727

>>> So what gives here? Early news or the usual pre-announcement rumors? <<< Looks to me that people want money off of the table prior to the announcement. Block and non-Block MF have both been dropping consistently since lunch. Either people are closing positions, or shorts are far outnumbering longs for the last 2 hours (which would display the same effect and should give a similar result). Once the news is out, and if we rally some, I may buy puts with a target that is now down to 1108. Just a quick few points if I'm around to babysit the position.

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