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To: BigMoney who wrote (172223)	6/12/2002 3:09:44 PM
From: LLCF	Respond to of 436258

<how can QQQ trade at 31 with MSFT trading at 50 and CSCO trading at 15? > Naw, they deleated all those telecom stocks and put the BONDS in instead! LOL DAK

To: BigMoney who wrote (172223)	6/12/2002 9:10:41 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

Do not have the answer to that. Every time in the past I asked myself such questions, it happened. One month MSFT was way above max pain and I could not figure out how they could drop it 5 points in a few days. Held my nose and bought puts (not nearly enough). It gapped down 3 points the next day on a downgrade. Never assume that it CAN NOT HAPPEN. It most assuredly can. Now the question is: will it. There are more cross currents this month than before, and perhaps this month Max Pain fails on several compomnents. If we ramp up to QQQ 31, I will be more comfortable shorting. M