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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Wolff who wrote (12518)	2/18/1999 3:26:00 PM
From: HRAKA	Respond to of 122087

Wolf, <ENMD> Be patient. It's doing the slow tank. Hraka

To: Wolff who wrote (12518)	2/18/1999 3:32:00 PM
From: BubbaAbdul	Read Replies (2) \| Respond to of 122087

Thanks for the pointer. I have read the street.com article on ENMD and from what people have been saying about what they see on L2, it sounds like this thing definitely has more room to tank. I was more curious about how the MMs are supposedly keeping the price afloat to do damage control regarding the feb20 options. I'm assuming that it is the feb20 puts that are relevant here. My understanding of this issue is this: There is a relatively large open interest in the Feb20 puts; thus the MMs would like to screw this group over. Ideally they would get the price above 20 so that the puts would expire worthless. However, they may not do this due to general selling pressure in the commons. So instead they will try to keep the price as close to 20 as they can given the selling pressure, and most likely ensure that the 17.5 puts expire worthless. It's probably unlikely that they would close ENMD above 20 tomorrow, yes? Is this interpretation valid? Thanks for any insights :) Bubba