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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Mike Milde who wrote (10134)	6/15/1998 6:13:00 PM
From: uu	Respond to of 64865

Mike: > My analysis is that the market will be up next week. (Unless it is down, of course.) Not quite correct. What if it remains the "same"?! My analysis says that the market will be up next week (Unless it is down or remains at the current level)! Regards, Addi Jamshidi

To: Mike Milde who wrote (10134)	6/15/1998 6:29:00 PM
From: Ben Antanaitis	Respond to of 64865

Mike, My comment, which you took out of context, was with regard to the Max-Pain point. At 42.5 the open interest was set up for this Friday's expiration so that the option MMs (open interest writers) would be exposed to the minimum amount of potential loss. (The Max-Pain for the options buyers). However, the MAx-Pain effect is a second order effect, ie breaking news, earnings reports, upgrades/downgrades that cause momentum tend to swamp out the effect, and if nothing earth shattering occurs (and we may be in the middle of a shake right now) then the Max-Pain effect will tend to attract the stock price for SUNW to $42.5 for Friday. Sorry if you missed the point. Ben A. ez-pnf.com