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To: Patrick Koehler who wrote (26647)1/16/1998 10:17:00 AM
From: DavidG  Read Replies (2) | Respond to of 53903
 
Patrick,

No secret about that. you know it was ML and their cronies buying those PUTS. That is when I got out of the last of my long positions between 31 11/16 and 32. You are right they knew late Tuesday afternoon and wedesday was more selloff into strength and to unaware buyers. They got top dollar for their equities and bought the PUTS reasonably priced.

I was struggling with the PUT prices for the past few days because they seemed overpriced. Oh well.

Good Luck Trading

DavidG