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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (36783)	5/31/2000 5:05:00 PM
From: Lucretius	Read Replies (3) \| Respond to of 42523

ho ho.. now you are firing my own arguments back at me... it won't work. i have capitulated.. now we can crash.... EVERYBODY hear that??? (VBG) LOL

To: pater tenebrarum who wrote (36783)	5/31/2000 10:37:00 PM
From: LLCF	Read Replies (1) \| Respond to of 42523

<put buying in a rigged market is based on the premise that the manipulation will ultimately fail. remember Japan? > I read an article somewhere last year, maybe further back about how the derivatives folks were selling downside 'skew' on the belief that the old adage that 10% out of money puts were worth more [on vol basis] than 10% out of the money calls was no longer valid because the Fed was essentially covering downside risk with it's policy. Don't know if this belief is widespread in risk departments or not. DAK