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To: Craig M. Newmark who wrote (108923)8/29/2000 3:09:26 PM
From: GVTucker  Respond to of 186894
 
I guess it would be correct to say that I am 'semi-serious' when it comes to the vacation effect. I probably think this has less effect than the average person on the Street.

In theory, this vacation effect would heighten volatility beyond what would ordinarily be expected, because, say, if somebody wants out of a position, there might not be anyone available on the other side of the trade in the short run.