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Strategies & Market Trends : Tech Stock Options

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To: Gersh Avery who wrote (57651)	11/17/1998 3:11:00 PM
From: HairBall	Read Replies (2) of 58727

Gersh: Sorry, I totally disagree with your analysis. I believe the S/MMs took the market down sharply before the announcement to stimulate selling and add to their "stash". This rally is to distribute those shares, with intermittent pullbacks to accumulate more...<g> There was a roar of cheers of glee from the floor of the NYSE when the announcement came, not a groan! Regards, LG

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