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Non-Tech : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?

To: dli who wrote (965)	9/3/2000 5:03:36 PM
From: booters	Read Replies (1) \| Respond to of 1426

<neither any money will have been created nor destroyed. It will simply have changed hands. And that's the very definition of a zero-sum game> Thanks Dave

To: dli who wrote (965)	9/3/2000 8:15:47 PM
From: dannobee	Read Replies (1) \| Respond to of 1426

Options and futures ARE by definition, a zero sum game. From Barron's Dictionary of Finance and Investment: "Zero-Sum Game: situations in which the gains of the winners are matched by the losses of the losers. For example, futures and options trading are zero-sum games because for every investor holding a profitable contract, there is another investor on the other side of the trade who is losing money. The total amount of wealth held by all the traders in a zero-sum game remains the same, but the wealth is shifted from some traders to others." That's the message we are trying to convey here! Danno