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


To: Mike Farrar who wrote (3082)2/17/1998 4:53:00 PM
From: Rashley  Respond to of 18691
 
ITWO looking very weak today on unsubstantiated
contract rumors. Down 2 1/2 at 58. Looking for
low 50's by end of the week.


The last 1 1/2 pts were on about 80k shares. Normal volume is 265k. The spread was large and small blocks were sold. In fact, the last several days have been down days on lower than average volume. I don't know if I'd bet on low 50's but it does seem to be headed toward 55 as options expire.