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


To: Chi-X who wrote (14739)1/16/1998 6:58:00 PM
From: Bob Kimball  Respond to of 70976
 
Options expiration = instrument landing!

AMAT, INTC, ORCL, PAIR, others all "guided in" this week to protect the institutional option writers. Lots of derivatives had to be unwound. The closing prices and the weeks' action look like a lid was being kept on a lot of nasdaq. Expect a fast ride up next week.