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To: Shack who wrote (14168)9/21/2001 9:33:19 AM
From: JRI  Respond to of 209892
 
Looks like my mom was right....we don't come back from this gap (and quick)...OUCH...



To: Shack who wrote (14168)9/21/2001 9:35:32 AM
From: The Freep  Respond to of 209892
 
Hmmm. . . so when you think about it, a selloff today and or Monday makes a tremendous amount of sense. Why? Index options expired yesterday, of course, so there's no reason to try and hold the line on those puppies. Of course, it's not like the indices DID hold the line. . . . Still, there's been so much short covering already, I suspect, that even a lot of bears aren't gonna capitalize as much on this as they woulda earlier this week, even. Except Tippet. Nicely called yesterday, pal.

I do miss my September puts, but am grateful to you guys that I don't have October calls. <g>

the freep