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Technology Stocks : Aware, Inc. - Hot or cold IPO? -- Ignore unavailable to you. Want to Upgrade?

To: Jess Beltz who wrote (8531)	4/18/2000 11:15:00 AM
From: Ryan Bartholomew	Read Replies (1) \| Respond to of 9236

Unfortunately it is a result of the fact that Aware's options are relatively illiquid. When you want to buy or sell 20 contracts, there needs to be someone willing to swap that quantity on the other end. The natural result is a swing in price to entice the exchange. If you look at frequently traded options such as those on MSFT or the OEX, you will see that the spread is usually quite small and rarely does your order get "jumped". When you place a market order on those securities you almost always get what you asked for - immediately - because someone is waiting on the other end. When you try to buy Aware options, sometimes it takes some price manipulation to attract interest. Although it can be quite frustrating and may seem like you are being duped at times, its actually quite natural. It is like trying to sell a house in a bad market...you will not get your asking price until it is lowered to the point where someone realizes it is a bargain. Just my two cents. So...quite a nice rally going on today. I wouldn't be surprised to see 34 by the end of the day if the market as a whole remains up. Lets hope the earnings pan out and push it up a few more points tomorrow.