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To: pater tenebrarum who wrote (32268)11/4/1999 8:54:00 PM
From: Haim R. Branisteanu  Respond to of 99985
 
Heinz, that is exactly what happens in the US. I wrote about that on the Chicken page. IBM stock price slide from 140 is directly affected by this.

Lucent is also affected and I think the story only begins to unravel.

INTC,MSFT CSCO and many other Hi tech companies with open buy back programs are known to have this practice of writing puts to show "financial income" to improve their bottom line.

BWDIK
Haim