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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (10508)	6/28/2001 12:28:23 PM
From: The Freep	Read Replies (2) \| Respond to of 52237

As to the QQQ's, I believe that they use MSFT's last trade before the halt. If they removed MSFT, the QQQ's would drop around 10%. That hasn't happened. Well, not today, anyway. the freep

To: Chris who wrote (10508)	6/28/2001 1:40:56 PM
From: Louis V. Lambrecht	Respond to of 52237

chris - nope. Cubes and nasty futures or spoos include the expected MSFT prints. Dow futures and SPYs also. These are baskets, trading in the baskets are not halted.

To: Chris who wrote (10508)	6/28/2001 1:46:19 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 52237

chris - shoud have checked this before reacting. I am a bit impulsive. The premium paid for futures: this is the difference between futures (including MSFT expected prints) and NDX cash (which is priced without MSFT as it is halted) currently is 36.70 when fair value for the day is +16.03. MSFT halt is good for 36.7-16.03=20.67 pts above what the NDX cash is printing. As I said, cubes trading at 46.2 include MSFT upmark, as 46.2 cubes are 1852 NDX equivalents.