Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Keither22 who wrote (30876)	3/20/1998 1:59:00 AM
From: DavidG	Respond to of 53903

Keiffer, NASDAQ was up 20 in the last 2 days, POS was a flat 0. What happens when NASDAQ starts going down (and it will). Plus S & P and downgrades. Trade all you want. I'm staying short and waiting it out. A lot less anxiety that way. It's your money you are entitled to play it the way you see it...interesting, though, the way you reference MU...if you were making a lot of money on MU you would be talking about it like it was your best friend.<g> DavidG

To: Keither22 who wrote (30876)	3/20/1998 3:01:00 AM
From: Skeeter Bug	Respond to of 53903

keither, unfortunately, naz didn't lose $100 mil last q like pos did. staying flat is darn good!

To: Keither22 who wrote (30876)	3/20/1998 10:53:00 AM
From: John Graybill	Respond to of 53903

Yep, a lot of call options are gonna be exercised tonite, and that's a fact not an opinion. (I was so sure that call-holders would be burned this week that I cashed out of my 401K last Thursday.) This would seem to suggest a lot of buying to drive prices up, BUT the call is exercised only if it is in-the-money, i.e. if the exercise price is lower than the current price. And these trades are, for practical purposes, private, even though they go through the exchange. The writer of the call sells the stock to the guy exercising the call. So now a lot of people are holding stock that is showing a fat profit for them, and a lot of other people are holding cash, surprised that somebody took the sucker bet by buying that option, and won! Watch for the new buyers to put that paper profit in their pocket ASAP.