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Stolt Offshore S.A. (SOSA) Message Board

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  • lemonyelow1 lemonyelow1 Feb 21, 2006 12:04 AM Flag

    pinning

    Interesting theory -- about exercising on spec -- worth a thought (and, as I say, I do get another chance, not in March as it happens, down the road.)

    Of course, I couldn't have anticipated the blip related to Nigeria.... I'm actually more concerned about Venez. in the weeks and months ahead, but this strikes me as a sector where some surprises (affecting supplies negatively) is anything BUT surprising.

    But your last statement kinda makes no sense.... Numbers don't have a sense of humor or anything like that.... Pinning DOES happen on occasion because someone makes money in the process.... You can look it up -- I once did.

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    • >>>
      Option pinning is more a statistical phenomenon than a manipulative one
      <<<
      >>
      But your last statement kinda makes no sense.... Numbers don't have a sense of humor or anything like that.... Pinning DOES happen on occasion because someone makes money in the process.... You can look it up -- I once did.
      <<

      I wasn't very articulate there. I meant that there is nothing particularly manipulative about buying and selling in the market to try and influence the closing price on options expiration day. That's market capitalism in all its glory. Over the years, I've witnessed my share of less than above-board price manipulation in different stocks. When I think of manipulation, I think of these cases ... not of working within the legal bounds of the system.

    • and that is the reason that pinning does happen in the market..cause people make money!!

      I agree with you, Venez is a wildcard that must be watched