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To: Perspective who wrote (101222)5/10/2001 10:58:46 AM
From: UnBelievable  Read Replies (1) | Respond to of 436258
 
Sigh - And Each Day The Premium Keeps Ticking Away

Clearly it is an indication of how much OPM is being used. Smart money is supposed to discount the future.

Either they are very, very, smart and can see a long time into the future to discount or they are not really interested in maximizing the the current value of expected future earning and appreciation but just the current value.