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To: Czechsinthemail who wrote (5155)12/15/1997 10:49:00 AM
From: Alias Shrugged  Respond to of 95453
 
Thanks for your upbeat comments.

One thought to keep in mind - this week, the option market makers are adjusting their inventory of stock used to hedge options as we approach friday's expiration. In general, their are probably more calls than puts being held by the public in this sector, leading the MMs to sell stock which they have held as a hedge.

Mike


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