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Technology Stocks : Echelon Corporation (ELON) -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (2321)	6/14/2000 2:06:00 PM
From: plow guy	Read Replies (1) \| Respond to of 3076

....write covered...... ole 49r, thanks for the solid explanation. what are your plans for elon for july? (if you don't mind my asking) i am hoping to write july 75's when the stock is above 70. currently reading Wall Street Money Machine by Wade Cook. have you read it? do you have an opinion?

To: IngotWeTrust who wrote (2321)	6/15/2000 11:31:00 PM
From: Dinesh	Respond to of 3076

ole 49er: >That point of maximum money loss to each side DOES converge and is approximately where the stock price will close on Option Expiry Friday each cycle month.< Is this just a hypothesis or are there data points that prove this too (within some tolerance of course) Also, as option contracts close and open all day long, particularly so on the Friday, where is the cut off point for these computations ? Finally, are only the options that close on that Friday considered for calculating the max pain price ? Regards Dinesh