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Technology Stocks : ZOMX - Zomax, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (264)	10/14/1999 7:23:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 322

Lately each move up is followed by one two or three down days. Thursday was the second down day. Friday is option expiration day. I'd expect the stock needs to close at $30, or $35 for optimal call option expiration profits. There are 403 Oct $30 contracts that are currently $3.75 in-the-money and 489 Oct $35 contracts that are about to expire worthless if the stock stays under $35 tomorrow. I'd say it's a gimme that the Oct 35s will go begging for buyers tomorrow and while option pressure could pull the stock down to $30, I SUSPECT that bargain hunters, coupled with a strong up-day on Friday will move us to a $35.25 close. That will be followed by a 2 or 3 point move North on Monday, and then we'll see what mgmt has to say after the close October 18th. Colin