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To: marginmike who wrote (50872)12/22/2000 5:06:39 PM
From: pater tenebrarum  Respond to of 436258
 
they were net long the NDX throughout the denouement, and only by a relatively small amount. never did quite get why.
presumably a hedge against short positions in big NDX components...also, they were recently net short the mini NDX, don't know if they have reversed that yet. i haven't actually look at the CoTs yet, only was told what the spoo net position is.