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Biotech / Medical : Vivus: into single digits -- Ignore unavailable to you. Want to Upgrade?

To: Bill Fischofer who wrote (723)	7/18/1998 1:29:00 PM
From: AlienTech	Respond to of 1016

>>No, what you saw was arbitrage at work<< huh yea, I knew we would close at 7 1/2 yesterday. It is sort of hard to figure out if the open intrest is the specialists who sold the options or the specialists who bought the options. If its the second then it is to their intrest to make sure the stock does not close at expiration. I would have sold the JUL 7 1/2's yesterday for 3/16 but if I had done that they would immediately have called to teach me a lesson. Now if you pay careful attention daily to the option trading you can make money by trying to figure out where it will get pinned