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Technology Stocks : Network Associates (NET) -- Ignore unavailable to you. Want to Upgrade?

To: Cyclops who wrote (2114)	3/14/1998 2:00:00 AM
From: AlienTech	Respond to of 6021

>>The reason for that is that options on NETA expires next week on Triple Witching Friday (Thank God it was not Friday the 13th!) Anyway, options makers and big boys will try their darnest to keep NETA below 70. My guess is option markers will keep selling short NETA in the 68 and 69 range all next week so they can profit off the 70's calls. After triple witching, NETA will shoot up again while the option makers cover their shorts!<< Bingo! And people were asking me why I bought puts on them even when I think they will close closer to 80 than 60 in a month. I was very tempted to buy calls but then looking at the OI I figured they arent going to hand over free money here and unless there is some major intrest like the last 2 days there was no way it would even have broken 68. Now it looks like 68 might be a weak support but have to watch and see what happens. If it stays above then its time to buy calls.