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To: Shack who wrote (56641)10/16/2002 10:28:10 AM
From: The Freep  Read Replies (1) | Respond to of 209892
 
Yes, people bought puts yesterday and that was before INTC. For all we know, they've all sold the puts having gotten the down they were looking for.

I haven't seen much about what happens when the gap fills, actually. i don't know what consensus was on that.

Personally, I agree that it's not the time for big bearishness (though I simply LOVE my COF short). That said, there's no reason we can't sell off to 1220 (or 1200?) over the next two days and then get a brother leg up, is there? We have come very far, very fast and it would take some huge down to ruin the "good" that's come so far.

the freep