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

To: Dan Spangenberg who wrote (59870)	8/20/1998 1:59:00 PM
From: John Hauser	Respond to of 176387

WAG THE DOG! Weird,JH

To: Dan Spangenberg who wrote (59870)	8/20/1998 2:17:00 PM
From: KM	Respond to of 176387

Re: strike pinning at 120 tomorrow: Doubt it unless there's a meltdown in the overall market. From Cramer column this afternoon: I know, I know, it is the day before expiration, so how can anything be trusted? But one sign of strength that makes me believe that tech is fine comes from the inability of market makers and short-sellers to "pin" the strike. When a stock is strong, it is not constrained by all the shenanigans (I have written about this ad nauseum) of those who want stocks and need stocks to go out at the strike. Take Cisco (CSCO:Nasdaq), one of my longs -- which was not even grazed by that story about its negative prospects on TheStreet.com. This stock should have gone out at 100 if it wasn't making a powerful move. There was so much open interest in the 100 calls for August that the sellers of those should have overwhelmed the buyers. But it didn't happen and the stock is blowing through. Dell and Microsoft (MSFT:Nasdaq) act similarly. Again, that's a sign of strength.