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Technology Stocks : FORE Inc. -- Ignore unavailable to you. Want to Upgrade?


To: N.Sullivan(SULLY) who wrote (8908)7/17/1998 10:47:00 AM
From: Finder  Read Replies (2) | Respond to of 12559
 
It was really dumb for management to move earnings to the day before options expiration. Any earnings good news is disipated by options pressure to push stock back to 25.

Then Monday people will be putting on new positions for options and stock will get jerked around again, and then by Tuesday any lingering effect of good news will be forgotten.

Dumb move.



To: N.Sullivan(SULLY) who wrote (8908)7/17/1998 10:51:00 AM
From: matt fahy  Read Replies (1) | Respond to of 12559
 
SULLY,

I think Fore has seen a significant rise so far this year, in excess of 60%, granted that was from the dumps. Now if you think, as I do, WS looks out a qtr or 2 and the prospects are looking very good for the next couple qtrs especially since they are historically the strongest. So I think we continue the uptrend but maybe not in quite a dramatic fashion as last qtr. Check this article out, I think Fore should get a big benefit from this.

cnnfn.com

Matt



To: N.Sullivan(SULLY) who wrote (8908)7/17/1998 11:28:00 AM
From: Bruce L  Read Replies (2) | Respond to of 12559
 
Yes. I don't have any clear ideas why it happens but it is a fact that stock prices tend to gravitate to the nearest strike. I am sure that MMs would if they could try and hold the price to at or below the strike, but of course if the stock is under accumulation they probably wouldn't try because it would be too dangerous. Also, beliefs like the one above - if they're widely enough accepted - become self-fulfilling.