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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Seuss who wrote (4249)	10/16/1998 4:03:00 PM
From: Alan Newman	Read Replies (1) \| Respond to of 18998

Looks to me like their trying to "pin" the price to 80 to make the 80 Puts expire worthless. I was noticing a similar "pinning" of other stocks to particular strike prices- CSCO to 55, AMZN to 100, YHOO to 115. It seems more than coincidental that stocks end on prices ending in a five or a zero on option expiration day. I've read about this "pinning"; I can't take credit for it. Alan

To: Dr. Seuss who wrote (4249)	10/16/1998 5:18:00 PM
From: CoffeePot	Read Replies (2) \| Respond to of 18998

Shorted 1,000 shares of PVN near the close today @ 77 5/8 only to have it run 2 points in the last 15min....what's up with that????? PVN current price to book over 11!!!!!!!

To: Dr. Seuss who wrote (4249)	10/16/1998 7:40:00 PM
From: xcr600	Read Replies (1) \| Respond to of 18998

<< Case in point, look at the volume and trading of PVN here at the end of the day. BullSh!t up three points on this volume. Short at these levels....opening lower on Monday. >> Tell me about it! Just goes to show you how much the markets are manipulated for the big guys, and the small fish just get fried. I didn't look, but does anyone know what the number of put/call contracts outstanding for PVN? Curious if someone was trying to protect a LARGE position.