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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: David Weis who wrote (37356)	3/25/1998 12:25:00 PM
From: Gersh Avery	Respond to of 58727

IMHO ... IMHO.... I believe that during the last two weeks before they expired (INTCW) Intel was in the process of purchasing the last ~20 million shares of INTC for the conversion process. This pulled the stock up ~10 higher than it would have been. Simple +-/* math : If the purchase of 20 million shares caused a $10 rise than a 80 million share release of stock would cause a $10*4 drop. But, of course, there was the warning they gave which was good for a ~$11 drop .. so then 40+11=51 drop Perhaps the mother of all shorts :o) Gersh