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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: ViperChick Secret Agent 006.9 who wrote (7987)4/20/1998 8:40:00 AM
From: Susan Saline  Read Replies (1) | Respond to of 120523
 
Day Trade Early morning volume watch list candidates

PCTL
closed 7.50
8:02 am trade at 7 15/32 42,400 shares

PRGO
closed 12 13/16
8:02 am trade at 12 27/32 43,000 shares

MEDA
closed 10 3/32
8:02 am trade at 10 3/32 102,800 shares

more high volume early morning trades...
CNTO
SEBL

YHOO closed 121 1/5
48,400 shares at 121 5/8

SEEK closed 36 11/16
32,600 shares at 36 3/4

but it's early yet !!



To: ViperChick Secret Agent 006.9 who wrote (7987)4/20/1998 8:42:00 AM
From: tom pope  Read Replies (1) | Respond to of 120523
 
Well, open interest at the close for the apr 37 1/2's was 6,684 contracts, equivalent to 668,400 shares. These contracts essentially expired worthless. Plus some of the open interest on Thursday evening (don't have those numbers) was closed via trading on Friday. Whether this was enough to move the big option writers to bang the stock down, I just don't know, but it is strange how often a stock will close right on a strike with a large open interest.

We'll see in about an hour's time. I had promised myself not to get on this roller coaster again, but couldn't resist when it dropped below 38 late in the day.

I'm flattered that you mention me in the same breath as Jenna. But also embarrassed. She is a real pro who works very hard to steer us in the direction of interesting shorterm trades.