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To: Jan Crawley who wrote (14246)	8/21/1998 11:38:00 AM
From: IceShark	Read Replies (1) \| Respond to of 164684

Be careful people, we are now officially in a Dow Theory bear market. Throw in all the other sh8t that is going on in the markets and world, we could see some pretty bad things. Regards, IS

To: Jan Crawley who wrote (14246)	8/21/1998 11:58:00 AM
From: Rob S.	Respond to of 164684

Maybe. But it will have to test the support level at around 105 before we see 95. Take a close look at the options pricing - it has contracted considerably: for October the premium contraction suggests that fewer speculators think the stock will rise. The large number, several thousands, of contracts that will expire this week will release a lot of pent-up stock. I have seldom (actually never) seen such a large amount of calls for a stock with such a small amount of float. Hmmm . . . I haven't studied this type of event extensively but think that it will lead to a significant decline. Any options historians on the thread who can reflect on similar rare circumstances? 206.7.107.6