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Technology Stocks : Netscape - the REAL blockbuster?
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To: Gloria G who wrote (70)7/9/1998 10:18:00 PM
From: Bill Haines  Read Replies (1) of 137
 
My estimate of open July calls indicates that 3.8 million shares are on options less than $30, 3.4 million shares at $30, 1.8 million shares at $35 and 4.2 million shares at $40. If these options are exercised and held it will cause the exact opposite reaction to what you suggest. So while it is possible that the stock may go to 30 next week the large option interest may instead propel the stock much higher.
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