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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Ceez who wrote (833)	1/16/1998 10:12:00 PM
From: TATRADER	Read Replies (1) \| Respond to of 18691

Ceez, on BFIT, today as I understand it was options expiration...There are some pretty powerful players(the option writers) who have a vested interest to keep the stock at 20.00 until expiration...That way they don't have to pay us little guys any money for our puts and calls... These option writers or their friends own a lot of shares in the security they are trading...Unless there is a tremendous volume, they can pretty well control the stock until expiration...If I am wrong on this, please tell me someone...It just seems that around option expiration, the stock seems to settle many times right around the strike price...I am looking for the descent on BFIT next Wednesday or Thursday....It would be nice if it was Tuesday, but I think we have another day of life yet...We shall see...As far as target goes, since I have a position in this stock, I don't give cover prices..That would be shooting myself in the foot...Regards, Mark