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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: rupert1 who wrote (60752)	5/7/1999 9:01:00 AM
From: PCSS	Read Replies (2) \| Respond to of 97611

Possible re: Options expiry CPQ now UP (6.1%) to 25.38 in Franfurt Michael

To: rupert1 who wrote (60752)	5/7/1999 9:17:00 AM
From: Wallace Rivers	Respond to of 97611

Options expiry May 21. My opinion is that the influence of options expiry (ex. "it'll close at or very close to 25/27.5/30, etc.", i.e. at or near a strike price) and MM manipulation (particularly on the NYSE, which is an auction market, where you can see the bid and ask, and there are no market makers, only specialists) is vastly overstated. I think the big factor in determining share price is simply supply and demand (and ain't that a dumb, obvious statement on my part!), not these more esoteric issues. Best of luck to all, Wallace