Institutional buying & Dow-Jones average

[Barry Shein]

>>Beware of Friday's Witching Hour!! Friday (actually Saturday) marks
>>the expiration of S&P 100 Options, S&P 500 futures (and options?) and
>>many stock options. It probably will not be as wild time as on March
>>21 because Friday's up day allowed traders to role into September contracts
>>after unwinding their June's on Monday. However, who knows.....
>>
>>Dan B.

>Well, maybe it will be a wild time. Open interest in the June
>contracts are almost the same as the September's, so it could
>be a rough ride.

I don't understand, I was always told to go shopping when I knew
there would be a bargain sale, when do you do your shopping? The
day before Xmas? (:-)

Footnote: apparently today's softening of technology stocks was
due to Morgan-Stanley (is that right?) telling all their customers
to sell (and selling off stuff themselves.) Whaddya think, temporary
drop until the market's short memory runs out and people start to
notice all these tech bargains again or a general trend? The rec
was claimed to have been made based upon weakening of computer
sales and was extended to the semi-conductor industry as a logical
secondary victim (true, if the original is correct.)

-Barry Shein, Boston University