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To: eddieww who wrote (54812)1/5/2001 4:33:41 PM
From: pater tenebrarum  Respond to of 436258
 
you assume correctly. there WAS a rash of put selling on the late Dec. low. i'm pretty sure those have been bought back by now. i'll report back on the latest CoTs, in any case, i doubt they did much covering. more likely the announcement was used to both distribute stocks and add to the short position in the futures contracts.