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Re: i760 post# 736

Saturday, 08/19/2006 3:14:44 PM

Saturday, August 19, 2006 3:14:44 PM

Post# of 12660
i760...

>>I also wonder if some news about the data in CMC section leaked out and was the cause of the trading action...<<

Who can say for sure, the volume was good but not unheard of.
Another likely explanation is of course simple options expiration manipulation.

The 'strike pegger' feature on the optionstoolbox.com site...indicated a close of $4.71 as the price where the options writers incur the minimum liability for satisfying their obligations to the put/call buyers....assuming the writers are mostly the 'big boys' and thus have the power to influence the sh/pr to their favor. Haven't worked with it long enough to validate a percentage for accuracy...but interestingly we did top out at $4.71. Hopefully we can hold, but I won't be surprised to see us back under assault come the new week.

Cheers...

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