Identix (IDNX) Message Board

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Technology Stocks : Identix (IDNX)

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To: steve who wrote (10850)	10/17/1998 9:36:00 AM
From: Rob C.	Read Replies (1) of 26039

Steve, The holder of the option has the right to exercise. He is entitled to buy the stock in this case at $5.00. Let's say you were the moron that paid 3/4's for the Oct 5 yesterday. He would want to take the stock at $5.00. His real cost is 5 3/4's but if he buys it at the current offer of 5 1/2 his cost would then be 6 1/4. General rule: If the stock is offered below the strike price you would buy the stock on the open market, if the stock is above the strike price you would take the stock from the expiring call. BTW The Pacific market is BS. If you want to buy, sell or judge real trading size the AMEX is place to follow. Don't take too much stock in the prices you see out there. If we wanted to, the SI board members could manipulate and make the stock run to $8.00 on the Pacific one afternoon after the AMEX closes. Just place 2 or 3 buys at the market in blocks of stock 10,000 shares or more. I bet you take it in the crellar and the stock would open on the AMEX 1/4 above where the previously close was. I hope I answered your question. I had time to write this morning.<ggg> I hope I didn't bore anyone. Regards, Rob

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