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Technology Stocks : FORE Inc.
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To: Finder who wrote (8922)7/17/1998 4:45:00 PM
From: Bruce L   of 12559
 
I noted something that relates to the artificial nature of pricing at options expiration. My quote service (MyTrack) at the close showed the last trade as being at 25. For awhile it even showed 24 7/8. Yet the Level II screen never showed a MM bid at less than 25 1/16. At the end, the best bid and ask were both 25 1/8. I think the MMs wanted to make it seem that it would not make sense to exercise the July 25 calls which are exercisable through noon tomorrow.

I did have the 25s and did exercise them. I expect a pop on Monday.
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