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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: IMPRISTlNE who wrote (12073)	7/30/1998 9:25:00 AM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 164684

IMPRISTINE, IF anyone is thinking of 'following' or 'using' or 'extrapolating' any information from my Max-Pain study, I urge them to first read the description of the Max-Pain thesis. It is available via a link on the 'options analysis' page on the BCA Software web site. It clearly states that the Max-Pain effect is a second order effect, that can be swamped out by momentum creating events like breaking news, earnings reports, up/down grades, Greenspan, the everpresent bashing that goes on at MSNBC, etc. In AMZN's case, there was/is(?) a huge bullish momentum that, in some people's opinion, defies logic. Clearly, a second order effect isn't going to sway that kind of force. However, in calmer times, or momentum free times, as can be seen in some of the other issues with tracking history graphs, the Max-Pain effect seems to be able to attract the stock price on expiry day. Whether this is something that can be used as an indicator has yet to be determined, it is still being studied. RE:maybe more people watching it and recognizing it these days...so consequently less effect This has me chuckling, I wonder just how many folk are 'watching' my study and whether any of them have the 'power' to cause a change in market dynamics.... :-o Ben A. ez-pnf.com