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To: Finder who wrote (8909)7/17/1998 10:55:00 AM
From: matt fahy  Respond to of 12559
 
Finder,

I agree that options expiration timing could affect price today, but overall everything going on at fore appears good to excellent. The street will not forget this so easy. What I really liked about the conference call was Fore was hedging next qtr conservatively so they can easily beat the street AGAIN. I think they have good results and have figured out how to communicate to WS. The momentum is here and now IMHO.

Matt



To: Finder who wrote (8909)7/17/1998 11:33:00 AM
From: Igor Nasonov  Read Replies (2) | Respond to of 12559
 
<It was really dumb for management to move earnings to the day before options expiration>

I agree with Finder. You can only do it if you have full blown out quarter(when on FORE level stock price will go up 2.5 - 3 points, half of Option Guys is screwed up and they cannot get up).

But if you know that it's 50/50 chances to be appreciated good, don't do it - Option rats will eat your lunch. Of course there's next week(s), but anything is possible for general Markets direction.

I still think what was a reason for early report...

Smart Management, but they're still(Steel) Humans - making mistakes sometimes.

Happy Trading, Igor