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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (81802)	10/11/2008 9:06:37 AM
From: GROUND ZERO™	1 Recommendation Read Replies (2) \| Respond to of 94695

You were right from the very beginning, I take my hat off you to, many congrats to you for that, indeed... although, I'm sure you wish it didn't happen...<g> Now, on the notion of trapping those option sellers, you make a very interesting point here, you're saying that those who kept writing Puts now have to cover and are scrambling to unload because their intended small profit has now turned into a huge loss and they have to pay up or meet margin calls... is that right? Is this what you're saying? TIA If so, then this is very good news, it only means that when the selling stops, these markets will snap back to a much higher level since everything went down along with a few bad apples... GZ