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To: kai_kai who wrote (3428)1/21/2000 3:50:00 AM
From: Edwin S. Fujinaka  Read Replies (2) | Respond to of 6020
 
The time premium on derivatives is your friend. Those Black-Scholes Guys were the advisors to that hedge fund that almost went under a couple of years ago. Greenspan rescued them. So I guess that no one who gets too greedy is immune from the long term probabilities. Moderation in expectations may be a useful attitude. <G>. Perhaps I ought to write fortune cookies...

Tokyo closed down 900 yen and Frankfurt is also down a tiny bit at the open. I'd guess that we are near a bottom here.