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To: maceng2 who wrote (197580)10/15/2002 1:52:14 PM
From: yard_man  Respond to of 436258
 
there's a danger in taking them all out at once --

9k or 9.5k would probably take a good bunch out, but then what??



To: maceng2 who wrote (197580)10/15/2002 2:32:28 PM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
All due respect, but the POG peaked and went into correction right about the time AG cut back on the cash infusions. The coupon passes were cut in half and if you want to know when that happened go look at the chart for the POG and see where it almost broke 330? That's where AG started pulling back. Coincidence? I think NOT!



To: maceng2 who wrote (197580)10/15/2002 2:52:13 PM
From: Earlie  Read Replies (6) | Respond to of 436258
 
Pearly:

I sure as heck am glad to be sitting deep in the foxhole for this one. Even the occasional peek out to take a shot at some of my favs has been met with a fire fight, forcing me to duck. (g)

As noted earlier, I was fortunate to be completely out of the short side when this thing got rolling. I did mess up by "scaling in" on a few (which are of course now well under water), but have lots of ammo and just biding my time. Recall my comments of a week ago when I noted that the put/call ratio had my knees knocking? Well I may well be wrong, but I expect the option writing crowd to spend serious dough right through until Thursday or Friday holding this thing up. Of course the bulls will have to contend with some crummy quarterly reports, but currently who pays any attention to bad news anyway? (g)

Best, Earlie