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Biotech / Medical : PLC Systems -- Ignore unavailable to you. Want to Upgrade?

To: Richard James who wrote (854)	5/5/1998 10:34:00 AM
From: John F. Dowd	Read Replies (1) \| Respond to of 1202

Like most he assumes that it is the MM's who WRITE the preponderance of calls. Actually I write a lot of them myself. I would imagine which way a stock is moved by the option boys depends which way there book of options is skewed which depends I am sure on some very complex computer programs that endeavor to fully hedge their position most of the time or at least minimize their risk. They are not necessarily long or short at any time but no doubt try and push the market to their greatest advantage. JFD

To: Richard James who wrote (854)	5/5/1998 9:36:00 PM
From: ElGator	Read Replies (2) \| Respond to of 1202

Per John Dowd's response to your question, it is my assumption that mms write a lot of these things. I've been burned enough times to have taken note of the practice... I'll see if I can get some definitive information and will post what I find.