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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?

To: Linda Kaplan who wrote (5752)	3/16/1999 3:05:00 PM
From: otter	Read Replies (1) \| Respond to of 6565

perhaps but my 20s aren't. Beginning to tick me off. VLSI has spent just about the entire day at 18 5/8 with only occasional forays up (and once or twice - down - but I hasten to add just a little bit and only once or twice).

To: Linda Kaplan who wrote (5752)	3/16/1999 8:37:00 PM
From: otter	Read Replies (2) \| Respond to of 6565

I continue to be amazed at the minute-by-minute behavior of the stock price - and the options activity. This is the first time I've ever been involved in the subject of a hostile takeover; and even at that, it has only been within the last couple of years that the average person has had the ability to sit at the desk and watch the activity as it occurs (ok, even with a 20 minute delay). I've some background in stochastic modeling.... Ain't no stochastics here. No chaos. No trendline. Flatline. There is an almost impenetrable wall that exists at 18 5/8. It was erected last week and it's stayed there. Almost NO trade is executed below that level. Equilibrium.... Selling pressure as it might bear on the price of the stock is a non-factor. To the extent that buying is occurring, there isn't enough buying pressure to move this stock up at all. Have all the bets been placed? Whose wall is it? Inquiring minds want to know! On the other hand, every day sees a larger aggregate number of open options (calls, not puts) with interesting clusters of activity.... March 15s, April 17.5s, July 15s and 17.5s... Daily activity all the way out into 2001 leapland. There is a LOT of shares of stock locked up in these options - more every day. Where are the shares coming from? Certainly it isn't people like you and me who are selling in/at/out of the money calls with lousy time premiums all the way out until 2001 is it? Can't be. And this coming Friday, the day after the company MUST deliver a response to Philips is options expiration for March. Must gotta be a wild day. March 20s are a write off. If it were a normal market, the 17.5s would be in jeopardy. Unless the wall falls, they won't be. And, most people aren't selling them, are they? Then, after Friday, it's April 20s.... My 20s. This d.....mn stock better move off it's butt before then.