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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: NW_Trader who wrote (1800)	11/27/1997 2:49:00 AM
From: Joey	Respond to of 4969

Dale and Pat: Probabally both of these, and short selling. If you could buy stock for $5 and it is currently trading several dollars higher, what are you going to do? Short the stock against your warrents. If you don't own warrents, you short the stock anyway, because come December there will be 3.3 MM shares at $5 cost hitting the market. Barring some significant news I don't see this stock trading much above current levels until the warrent holders are cleaned up.

To: NW_Trader who wrote (1800)	11/28/1997 9:51:00 AM
From: steve goldman	Read Replies (2) \| Respond to of 4969

I do not think it is possible for individuals to manipulate a more active stock for the sake of capping/supporting options. I am sure on the less liquid stocks where small volume can move the issue, it might happen. This is also does not mean that some players think that they can protect options/warrants/rights positions in a more active stock. I know Graham has an opinion on this. Personally, I think it is just a justification for a movement in the stock, especially with large cap, highly liquid stocks. Have a great weekend! Regards, steve