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To: robnhood who wrote (5641)	9/10/1998 7:16:00 PM
From: IceShark	Read Replies (1) \| Respond to of 86076

russ, I believe "they" switched to quoting the Decembers as the key contract on Tuesday. I seem to recall CNBS getting all confused about this earlier in the week. Hey Deef, how in hells bells is the future trading at an 11 point discount to cash? I've never heard of it that out of wack. Someone must have chopped the fingers off the arb geeks. -g- I don't like this INTC biz with all my tech poots. -nfg- Time to get a cool one. Regards, IS

To: robnhood who wrote (5641)	9/10/1998 10:01:00 PM
From: Defrocked	Read Replies (1) \| Respond to of 86076

Russell, IceShark covered it. The quarterly "rollover" is underway as Sep open positions are moved or rolled into Dec. Watch the change in open interest over the next week. For big players, the decision when to roll is all a spread/carry game. The decision to make the next contract the lead in the pit, rather than the nearby, is made by the pit committee. IceShark, you were also right about the 10 pt.discount being a rare event. Don't recall another at the end of a trading session. Somebody big really got reamed.<g>