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Technology Stocks : General Magic
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To: Rangle who wrote (5964)4/29/1999 10:55:00 PM
From: Mark Oliver  Read Replies (1) of 10081
 
When there is a significant open interest against a strike price, the parties who sold the calls often defend the position with short selling so the calls will expire worthless. Therefore, I suggest it's likely that unless strong news comes, we'll see GMGC close under $5 in May.

Yeah, but at the same time I see your excitement and hope you are right.

Regards,

Mark
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