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

To: J. P. who wrote (31659)	11/4/1999 9:13:00 PM
From: John F. Dowd	Respond to of 74651

JP:Exactly JP this whole thing becomes more bizarre with every passing day. I still think back to the day when da Judge and DOJ "separated" IE from Win 98 by disabling it. These guys are looney! JFD

To: J. P. who wrote (31659)	11/4/1999 9:34:00 PM
From: Gerald Walls	Read Replies (3) \| Respond to of 74651

All this makes me want to become a libertarian. Bingo. Here's a question for someone with a better understanding of Options Theory: If there's large put buying in MSFT right now then that means these buyers are in effect opening short positions and the MMs (selling them the puts) are in effect becoming long. Since MMs hate risk, they're probably hedging by shorting the stock and thereby becoming flat. Doesn't this mean that if The Announcement isn't this weekend and these buyers close out their long put positions then the MMs will unwind their hedges by buying back the stock? If this is true then we could see a small pop on Monday even if there is no announcement. Am I all wet here?