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To: Tommaso who wrote (8970)11/22/1997 2:19:00 PM
From: Joseph G.  Read Replies (2) | Respond to of 18056
 
T,
<<I do think that put buyers might begin to wonder what would happen if the put sellers can't come up with cash.>>
Exchange is responsible, or, more correct, Options Clearing Corp. It would probably take 1/2 of brokers and investment bankers to fail for OCC to get in trouble. By which time the feds are likely to be in the game.

Joe



To: Tommaso who wrote (8970)11/22/1997 4:09:00 PM
From: John Hunt  Read Replies (1) | Respond to of 18056
 
Tommaso,

Superbear's daily report shows only 1.8 billion of inflows to mutual funds over the past 2 weeks and this week's data is not shown yet. If I remember, it was only +0.3 billion. If so, the market is not moving up on public money into the funds.

home.sprynet.com

It is probably moving on the short squeeze, some foreign buying and maybe the work of the 'plunge team'. Unless the public jumps on the train, the rally must have pretty much run its course.

Not too worried about the cashing in my puts. I figure most of them are written by the market makers and they just made a bundle on this short squeeze.

:-))

John