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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (26917)	10/25/1997 2:26:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 58727

Sorry to butt in again, but if you answer a question, I would appreciate it, and won't be bothering your thread again. When the ask stays, but the bid sinks...is this "sitting on the ask"? Anyway whatever it's called, what does it mean? I'm wondering if it means that maybe one broker has some stock to sell (bid sinking), while other brokers don't, and maybe are even trying to keep their inventory from getting depleted. I'm long HYSW with Nov 35 c, which I bought about 2 weeks ago. I'm not much of a day trader, but I went long HYSW after reading the latest 10-K, and I thought the stock looked undervalued (it's kind of a turn-around story). I also liked the IDC report which placed HYSW has the main beneficiary of coming expenditures by companies for online analytics processing (OLAP), which basically helps companies get a better and faster read on what's happening where in their sometimes far-flung corporate empires. So, I have held my calls thru these last 2 weeks, even though the DJIA has tanked, and through the Hang Seng sell-off and the Semi-equip sell-off (read the Motley Fool Evening News "Fool on the Hill" section before you consider going long the semi-equip sector - you might think twice). I held my calls thru Friday's carnage, only because HYSW hit a new high (up 8.75%), and looked like it might hold on to it into the close. Then with the weekend exposure on such a nice gain on such a bad day, there may be a nice run-up Monday AM in HYSW - At which time I will take my profits. Although I will be buying back in on weakness. TIA, DK