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To: AllansAlias who wrote (13505)9/13/2001 4:10:30 PM
From: Nathan  Respond to of 209892
 
Heard there is a meeting going on to extend expiration. Don't see how it could be possible tho as it would upset the entire options calendar. Also, it would anger the sellers in some cases...
If they did extend I would think they would have to extend it for all future months like make expiration the 4th Friday of the month or something.



To: AllansAlias who wrote (13505)9/13/2001 5:06:21 PM
From: UnBelievable  Read Replies (1) | Respond to of 209892
 
They Expire Worthless As Usual

I wonder if the fact that people have not been able to get at the money they have in the market for almost a week will change perceptions about the liquidity of stock investments.

There can be no doubt that the events of this week have in fact decreased the value of equities.

Equity prices will go lower because of both a lower expected value of future profits as well as a significant increase in the risk which must now be added to every profit projection.

In addition to the extent that companies still had any incentive to postpone the disclosure of problems they now have a excuse to good to ignore. The same is true for the gangsters. Since market declines at this times can be attributed to the heinous acts of terrorists this is the best time to let the market decline and avoid having J6P attribute the decline to "the market".

To the extent that there is any movement up it will be attributable to the banksters making an investment that they have determined will enable them to liquidate their inventory at higher prices.

BTW - Did you know that the Federal Reserve is a private company which is owned by US banks, with the amount of ownership generally proportionate to the size of the bank?



To: AllansAlias who wrote (13505)9/13/2001 5:18:50 PM
From: velociraptor_  Read Replies (2) | Respond to of 209892
 
Options are a problem considering how large this aspect of the market is in terms of money. Right now with the market not opening until Monday, both Puts and Calls will lose 4 days of premium ouf of 9 total. I hold a few myself, and even if the markets open flat, I'll be taking a big hit on value which I am not happy about. Imagine the losses going to those investors or brokers that hold hundreds or even thousands of these.