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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Michael Watkins who wrote (79941)3/14/2001 8:44:34 AM
From: AllansAlias  Read Replies (1) of 436258
 
If we go into expiry low enough, it will have a tremendous negative effect on big players and institutions. We had a few expiries in the fall where shorts actually made money(-g), but an expiry at thee levels is very bad for the ponzi.

If folks think this is painful, then they will be shocked at the damage that will follow a mounting series of derivative counterparty defaults.

Got delta hedging?
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