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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Time Traveler who wrote (29630)	8/20/1999 12:07:00 AM
From: 10K a day	Respond to of 41369

Hey! Well you can talk, and you can talk, and max pain, options infection, doesn't matter, it's not illegal, it's just reality, reality sucks sometimes, it really sucks, but reality is good, it's blatant, it's what it's all about, it's like hey, big money, dictates this game, it tells me where it's going, what it wants to do, it's like, that's fine and dandy, let me get my candy, and i will be a happy camp.....<g>

To: Time Traveler who wrote (29630)	8/20/1999 9:09:00 AM
From: Steve Robinett	Respond to of 41369

TT, In reference to stock manipulation and the Maxpain theory, you comment,This suggests to me a manipulation by some one, probably not by the specialists as you suggested but some one bigger Who is this Mr. Big? To manipulate AOL, for example, he/she/it would have to be very big. After all, even on a low volume day like yesterday, trading something like half the average for the last month, AOL still traded 13 million shares, that is, $1.3 billion worth of stock. Not that I'm saying your Mr. Big theory is far-fetched--oh, heck, I guess I am saying it's far-fetched. Best, --Steve

To: Time Traveler who wrote (29630)	8/20/1999 12:51:00 PM
From: Steve Robinett	Read Replies (1) \| Respond to of 41369

TT et al, For those of you who still somehow thing the Maxpain theory (the theory that on expiration day a stock moves to a point where the greatest number of options expire worthless) holds water, here's a little something interesting. Yesterday, the AOL Maxpain point (the point with the highest open interest of both puts and calls) was 95 but today the point with the most open interest is--the envelope, please--100! The maxpain point has moved up while the stock moved down. How can such things be? Strike Call O.I.........Put O.I..........Total 85...........9,339...........12,096..........21,435 90.........15,015 ..........15,944..........30,959 95.........13,985...........12,787..........26,772 100.......29,040...........16,570..........45,610 105.......21,802.............7,728......... 29,530 Best, --Steve