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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: L. Adam Latham who wrote (88595)1/20/2000 4:51:00 PM
From: Gopher Broke  Read Replies (1) | Respond to of 1573198
 
I am not sure the price dip is a result of manipulation - it might just be that the large January call options position has forced down the share price.

If the big options sellers are holding shares to cover the calls then as options are closed out the options sellers, wanting to lock in their profits on the transaction, sell off their covering shares, thus depressing the stock price.

Maybe the options sellers even sold some shares off this morning, leaving the options naked, but gambling on the squeeze allowing then to buy cheaper this afternoon.

Whatever, it worked.



To: L. Adam Latham who wrote (88595)1/20/2000 5:31:00 PM
From: eplace  Respond to of 1573198
 
Adam re: Max pain theory. Thanks Adam. Got out of some Jan 32 1/2's today at 9 1/2. whew!!! This is interesting stuff, I'd never heard of this one before. Good post, and thanks again. (bookmarked this one)

Ed P.