Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: Scott Bergquist who wrote (5493)	11/17/1998 9:07:00 PM
From: jach	Read Replies (1) \| Respond to of 12623

A few thousand shares not options. This will drive the underlying stock price up and thus the option sellers need to act to cover their base. The coverage can be buying the stock or closing the option. Most will jump in and buy the stock as it's cheaper. All this will then drive the price up more and thus the next strike optioners will then join in and there we get a snowballing effect. Look at the Internet stocks, individual power is now really strong!