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To: Tenchusatsu who wrote (169017)	8/3/2002 5:03:26 PM
From: kapkan4u	Respond to of 186894

<Obviously not in the next two weeks or else you wouldn't have sold Aug 20 QQQ puts, right? Or am I missing something?> What you are missing is that anticipating is different from knowing. If I knew the direction and the slope of the move I would plunge my entire buying power at once at the best possible entry. Lacking the knowledge of the future one has to average according to one's expectations. This is a trivial point, but unfortunately, it is not the first time I have to elaborate upon it. Kap