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Technology Stocks : Advanced Fibre (AFCI) ** IPO -- Ignore unavailable to you. Want to Upgrade?

To: Doug Moulton who wrote (1955)	3/10/1999 12:02:00 PM
From: E_K_S	Read Replies (1) \| Respond to of 3299

That's great Doug - However, I show the OI as of 3/10/99 at 2856 contracts...if it is really higher and is now at 3146 contracts then this is even more bullish. Generally, if the OI expands the stock will want to follow to that strike price. The OI for PUTs should also contract and any expansion of further out out-of-the-monty calls are other secondary movements to watch too. The AQFFB and AQFDB call options have shown some activity but not to the extent of the AQFCB's. It appears that a few speculators are betting on some news related announcement by the end of March. Get you trading plan established as you will not have much time to establish your hedges once (and if) a move occurs. I will be selling 1/3 of my trading position into any rally over $10-$13 and will write some out-of-the-money covered calls for June strike price @ $15... Good Luck EKS