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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sorin A. David who wrote (14730)1/16/1998 11:38:00 AM
From: derek cao  Read Replies (1) | Respond to of 70976
 
Sorin, this stock manipulation had been mentioned a lot in SI. But there is a logical explanation for it. On the option expiration day, if the open interest is comparable to that day's volume, the stock tend to close at the point which equal number of puts and calls can be excised since most of option player do not want to hold on a permanent positions.

derek



To: Sorin A. David who wrote (14730)1/16/1998 2:12:00 PM
From: Patrick Hebert  Respond to of 70976
 
Sorin... seems like it's going to stay put @ 29 15/16..... EOM



To: Sorin A. David who wrote (14730)1/16/1998 3:20:00 PM
From: Chi-X  Read Replies (1) | Respond to of 70976
 
I think the weakness may have something to do with a broker saying that he expects Micron Technology to be around $20 soon and it's currently trading around $29.

see:
biz.yahoo.com


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