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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Dr. No who wrote (22929)	6/27/1998 8:37:00 AM
From: Ben Antanaitis	Read Replies (2) \| Respond to of 42771

Mo, What the MAx-Pain analysis says is that based on yesterday's NOVL July'98 open interest... if NOVL closes at $10 on the third Friday in July, the maximum number of open interest contracts will expire worthless. Max-Pain looks at the price of NOVL stock, not an options strategy. There are no probabilities stated, only a tracking history that is posted for each stock in the study. Please read the illustrated example of the Max-Pain analysis, it states that breaking news, or events that could cause momentum (both upside and downside), can swamp out the Max-Pain effect. Ben A. PS This is a study of the Max-Pain effect, not investment advice.