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

To: radames who wrote (32353)	10/7/1999 1:42:00 AM
From: Dr. David Gleitman	Read Replies (4) \| Respond to of 41369

I have found that there is almost always something that will bring down AOL right before options expiration. Now I don't know/understand how MM can "control/manipulate" share valuation especially before options expiration, however, one thought just entered my mind as I was typing. If there are a large number of for example October 120 calls that were bought, these would have to be sold if they are out of the money before expiration renders them worthless. Likewise those that are in the money will have to exercise their options or sell them before expiration, otherwise they to become worthless. Therefore shouldnt this result or contribute to a significant rush to sell calls before expiration thereby driving down their value? Opinions everyone, please? David