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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?

To: cbstock who wrote (6733)	6/22/1998 11:17:00 AM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 6980

cbstock, I noted what I felt might have been the forces affecting the Max-Pain effect, if any, on the finalized June'98 Max-Pain graphs I posted over the weekend. With Bay, the 'surprise' announcement by NT on Monday ;-)) buoyed the price near the Friday 'buy out' valuation and at the nearest strike price. News releases, world events, Greenspan, etc. will swamp out the Max-Pain effect, which is a second order effect. With IOM... are you kidding? They made an earnings pre-announcement Thursday at 4:15, they announced they are going to take a huge loss in their quarterly numbers... this killed the Max-Pain effect outright for this month. That help? Ben A. ez-pnf.com