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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: stan_hughes who wrote (340180)8/8/2007 4:44:55 PM
From: Real Man  Read Replies (2) of 436258
 
No bears. Da poot buyers have been hedging their long portfolios,
so that position is
"synthetic call", which is bullish, not bearish.
The put sellers are not bears either, they are market-neutral,
but not volativity-neutral -g-
I suspect da dead bodies of some of da funds that are too
slow to delta-hedge in these fast moving markets, maybe some
other bodies too -g- This was da quick or da dead kind of market.
finance.yahoo.com
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