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Strategies & Market Trends : Waiting for the big Kahuna
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To: GROUND ZERO™ who wrote (77428)11/11/2007 8:31:56 PM
From: Real Man  Read Replies (2) of 94695
 
The bailout is here. -g-

nytimes.com

The only question is when they show up. November expiration
has larger than usual probability to BK some more despite
its out of whack rally now status. Its too far out of
equillibrium, now as the market falls the market makers
must hedge enormous put position, leading to the 87-type
portfolio insurance dynamics. Still
small, but large enough for me not to buy November calls
on Monday. Those still could be losers.
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