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To: Bipin Prasad who wrote (49269)10/14/1999 11:35:00 AM
From: Patrick Koehler  Read Replies (1) | Respond to of 53903
 
The reason I stepped to the sidelines this morning, is because there are about 6000 more Oct 70 puts than Oct 70 calls, and the stock COULD move toward that 70 strike tomorrow. Wasn't worth the risk to keep my position. Right now, the 4th qtr low is 65 on Oct 8th.
Patrick