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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?

To: UnBelievable who wrote (3511)	2/22/2003 9:16:41 PM
From: sun-tzu	Read Replies (1) \| Respond to of 11447

i agree, and that's why i went short at the close friday. on monday, the p/c will dramatically fall as a result of all those feb puts expiring. on friday, the brokers who sold the puts covered there qqq hedges. no surprise that we got a ramp. perfect opportunity to short. odds favor a nice reactive selloff monday imo. it'll take a bit before the shorts will work themselves back in the market in sufficient quantities to spark a ramp.