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Technology Stocks : C-Cube
CUBE 36.02+1.2%3:59 PM EST

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To: Rarebird who wrote (34445)7/17/1998 11:54:00 PM
From: stockbug  Read Replies (2) of 50808
 
I am no options expert but todays movement in the price drop corresponded to the expiration time for stock options.

In theory if I am right and a short bought cheap call options at a low strike price and then decided to cover by exercising these options because they knew a stock was ready to move up this would give them the shares at a cheap price and in the short term on an options Friday would cause a dramatic price drop like today.
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