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Technology Stocks : Tekelec -- Ignore unavailable to you. Want to Upgrade?

To: John Curtis who wrote (1463)	4/8/2000 3:36:00 PM
From: WTSherman	Read Replies (1) \| Respond to of 1648

John, sorry I wasn't trying to be terribly mysterious... What I meant was that there is the possibility that the MM's will try to drive the price down in order to get this position closed(scare them out)or drive it down at the options expiration to reduce or eliminate their liability. Alternatively, whomever the primary position holders are, know something or think they know something that's going to keep the price up or make it go higher between now and then. Look at it this way, right now these options are worth $20M, in four months they could be worth $0 or $45M if the stock were to hit $75 by options day in August. BTW, what I don't know is what price these positions were opened at or when, which is critical information. If anyone on this board has any idea about this it would be very valuable information.