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To: Haim R. Branisteanu who wrote (232289)	3/30/2003 7:10:31 PM
From: Gersh Avery	Read Replies (2) \| Respond to of 436258

It's simple .. About 11 days ago, the market was priced to expect that: The war would last only a day or two. There would be no US loss of life. The US was about to become the saviour of the world. I wonder what kind of "good news" that would be better than that stuff .. How could we possibly go up from there .. We just might break even if every expectation was met .. Of course, that would be a war going exactly as planned. any one buying calls would be expecting perfection.