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Strategies & Market Trends : Steve's Channelling Thread

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To: vampire who wrote (24131)8/15/2001 4:52:39 PM
From: Zeev Hed  Read Replies (4) of 30051
 
Actually, they may very well use the downside momentum to hit us hard here to kill whatever calls might be still in the money, then when these are sold, turn around and kill as many puts as they can, that is what they did last month if memory serves. Of course, sometimes, the momentum is so great that even the powers can't stop the oncoming freight train.

Zeev
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