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Technology Stocks : BORL: Time to BUY!
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To: i-node who wrote (2071)2/28/1997 9:34:00 AM
From: Michael Coley   of 10836
 
RE: WOBAB's were up when BORL was down.

Actually that were just up based on the last trade. The bid and ask have been following pretty close. WOBAB's are lightly traded. Some days they aren't even traded. On Wednesday, they were traded early in the day for 1 5/16, then as BORL went up the bid and ask went up, but the option didn't trade. On Thursday, as BORL went down the bid and ask on WOBAB went down. There was a block of 10 bought early and then several smaller blocks, then it ended the day with a block being bought at the ask of 1 9/16.

Last Price to Last Price is a bad way to compare, especially on a lightly traded security or a security with a large spread. What the Motley Fool does is record the closing Bid price, since that most accurately represents what they will be able to get out of a stock.

- Michael Coley
- i1.net
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