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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Grashopper who wrote (6595)	6/18/1998 8:01:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) of 10786

Larry, tomorrow is options expiration. How convenient the price has fallen to a level where all the 12.5s calls will be worthless. I expect big volume tomorrow as manipulation of all sorts goes on. Perhaps we'll see some early morning shorting in an effort to kick in some selling, providing some amazing bargains for the nimble before the price rebounds and closes at somewhere around 12.5. A note of caution: when stocks do quick tanks, often the only type of orders that are filled are market orders. So if you think you are being cute by selling first thing in an effort to buy back you often find yourself getting taken to the cleaners on both transactions. You'd be hard-pressed to find me recommend someone buy any stock on any given day, but if, as I predict, ALYD goes down in the morning, I'd buy if one's target price is hit. Important: I make this "statement" with absolutely no knowledge, one way or the other, if news is forthcoming tomorrow or anytime soon. - Jeff

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