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To: yard_man who wrote (93624)	4/12/2001 4:24:57 PM
From: mishedlo	Read Replies (2) \| Respond to of 436258

Never underestimate the ability of these fckers to rally something to max pain. BC or someone said MMM was his favorite short. MMM was 102 at the time I believe. I looked the dam thing up and said this sucker is getting to 110. Sure enough. In fact it got to 112 and instantaneously dropped 3 points. They do not want to let someone cash out any profits on 110 calls. Heaven forbid that should happen. I thought the dam thing on KSS was 60 not 55. It was that thinking that kept me out of that last downdraft as I expected a bounce off 55 all the way to 59 or so. Had I checked I would have been back in strike 55's from 57-58. Last week I thought no way in hell will they rally tech back to max pain. It seemed impossible to me, so I thought the option pits were hedged. Well note to self: Never underestimate the ability of these fckers to rally something to max pain.** We coulda been buying calls on all sorts of garbage like JNPR and CIEN and other reasonably heavy optioned crap like that and made a fortune instead of losing my ass in puts. DAMN. M