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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Jake0302 who wrote (26123)	7/15/1999 1:42:00 PM
From: Charles Tutt	Read Replies (1) \| Respond to of 74651

Still makes no sense to me. Why sell 10,000 below 95 rather than allow them to be called AT 95? And I also don't buy the argument that an institution can "suggest" the price should drop by putting in a low bid -- nobody has to come down to meet it, especially if others are bidding higher. JMHO, of course.

To: Jake0302 who wrote (26123)	7/15/1999 1:53:00 PM
From: Tom Bunge	Read Replies (1) \| Respond to of 74651

All right, another go ... If the big bad guyes "manipulate" (my disclaimer at hand) the price, why then don't I roll my July 80's over into August's. I then gain reduced selling pressure on the stock as of Friday 9.02 pm, and the benefit of the earnings on Monday. At current option prices, July 80's sold 14.50; August 80's purchased 15.75; should be able to recover that 1.25 spread. Sounds like a fair and juicy deal ... My question: Who foots the bill? Where does the system give? Or perhaps, in the mind of those gentlemen applying selling pressure, earnings are already built in the price ...? Who knows? Cheers