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To: Haim R. Branisteanu who wrote (59902)	9/1/1999 7:16:00 PM
From: pater tenebrarum	Read Replies (2) of 86076

Haim, wow! this is extreme...somebody seems to bet heavily on a downturn. the volume in LEAP puts is especially startling. also note that total call open interest is unusually high considering that volume has been very low lately. i wonder what to make of this...normally such extremes in the p/c ratios are bullish.

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