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Technology Stocks : BAY Ntwks (under House)
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To: Mark Oliver who wrote (6577)6/16/1998 8:15:00 PM
From: Ling Chen   of 6980
 
Open interest for June is too big to discount. On a normal day, NT moves a lot
on 300,000 shares. Can we expect some power struggles to make these stocks
end trading on Friday at exactly $30 for BAY? NT price has certainly been
adjusted to this goal. Now it's just a matter of fine tuning BAY.

That's right. There is huge volume $25, $27.5 and $30 June call.
They will be expired on Friday. I think it's very possible that big guys will try to drive down the price in this couple of days. However,
I think it's a last opportunity to load some BAY/NT shares at such low price. Possible it will go to $27.5 on Friday. I am going to load more shares if it touches $28 range. Put option open interest is lower than call options. I don't know short position. If it's big, that's a good news to long this stock. Can some one provide short interest position ?

House already gave us a hint that the merger is not because this quarter is terrible bad. This quarter should be OK. We will see
stock price will go up after this Friday.
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