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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (78303)6/13/2002 11:13:59 AM
From: Zeev Hed  Read Replies (2) | Respond to of 99280
 
I think that the pivotal 1495 for this short interphase period might have come into play, tha is what I was counting on. We got to 1495.64 and i fully expect another plunge to that level before noon, then i was expecting the rally. I just took GNSS off the table here at $12.53, for a nice $.65. Will try and reenter if they dip close to $12 pre lunch.

Zeev



To: LTK007 who wrote (78303)6/13/2002 12:04:30 PM
From: Jdaasoc  Read Replies (1) | Respond to of 99280
 
If they disappoint.MMs fight all day to get green closing, but odds will be against them.

I heard on Bloomberg that Merrill estimates that open PUT positions for Jun are worth $20 B. This large short position of this size has only occured 3 times since 87.

The MMs have to spend some money to save some money IMO.