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

To: Moominoid who wrote (60010)	8/21/1998 7:36:00 AM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 176387

David, Dell being a purely momentum driven 'event' currently seems to be immune to any Max-Pain attraction effect. See the write-up by Cramer in yesterday's theStreet.com about why this is the case. Here is an excerpt: 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. I am, however, keeping it in the Max-Pain study 'cause if I dropped all the issues that didn't track the hypothesis, the results would be biased. Ben A. ez-pnf.com