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To: MythMan who wrote (227630)3/13/2003 12:50:27 AM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
They took out every possible stop on MSFT today, almost but not quite letting strike 22.5's get ITM (we would not want to let that happen and provoke any profit taking would we), then gunned the think back up 90 cents.

All in all a pretty stellar performance.
Now the trick is to keep MSFT pinned in tight range for about 4 more days while plunging the VXN and sucking the life out of any options that are still ITM. A quick bounce tomorrow of about .20 would just about do it.

Perhaps one more trip to comp 1300 or close.

CSCO had 97K strike 15's go totally worthless this week
Now another 27K strike 12.5's go up in smoke soon.

If you wanted to buy for a max pain rally you needed to get in MSFT or IBM on the morning dip. There are only scraps left now.

The DOW or the Spoos would seem to be a better candidate all in all and I want a 15-20 point spoos bounce but not sure we get one.

M