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To: bob yahnke who wrote (10911)5/11/1998 2:39:00 PM
From: John O'Reilly  Respond to of 14577
 
With regard to the stock closing close to the strike at expiration...

It does seem on the surface to be more than a coincidence that the stock does so regularly close so close to a particular strike. I don't think the stock is manipulated but rather that it is a case of "self fulfilling prophecy". If enough people believe that the stock will close at 7 1/2 then that's what will happen!