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

To: Gerald Walls who wrote (26189)	7/15/1999 8:28:00 PM
From: r.edwards	Respond to of 74651

OT,a Must Read if you like software on SI :https://www.siliconinvestor.com/readmsg.aspx?msgid=10469242

To: Gerald Walls who wrote (26189)	7/15/1999 10:00:00 PM
From: taxman	Read Replies (3) \| Respond to of 74651

"Look how they handled INTC last expiration to make it close where they wanted it." who does 'they' refer to and how can someone make a stock close at a particular price--particularly one of the most heavily capitalized companies in the world? regards

To: Gerald Walls who wrote (26189)	7/16/1999 12:13:00 AM
From: Jon Tara	Read Replies (1) \| Respond to of 74651

"They" don't "make" stocks close "where they want to". The fact is, the natural forces of options expiration tend to force stock prices to one of the option strikes. It doesn't always happen, and depends somewhat on open interest, and what strikes the open interest is at. Read McMillan, read the "max pain" thread, learn a bit about how options work, and consider the extreme leverage available in at-the-money options at exipration, before blaming this phenomena on "them".