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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?


To: Dana Adams who wrote (11757)12/18/1999 10:57:00 AM
From: Ted Downs  Read Replies (2) | Respond to of 21876
 
Dana,
There is no doubt Lu was "manipulated" relative to the options expiration. There was a very large open interest at strike of 80. The Dec 80 strike was trading at a price that made no sense unless they could move Lu to over 80. They did it so it will be interesting to see what happens to Lu on Monday. Fridays trading was the most artificial I have seen in awhile.

Ted