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To: Voltaire who wrote (94402)2/3/1999 11:48:00 AM
From: OLDTRADER  Read Replies (1) | Respond to of 176387
 
Absolutly correct,in my opinion they are ALWAYS trying to sucker you into selling them your stock.That's the game.



To: Voltaire who wrote (94402)2/3/1999 12:23:00 PM
From: BGR  Read Replies (3) | Respond to of 176387
 
Voltaire,

Actually, what's happening is that somebody is buying MSH puts and selling MSH calls. The MMs selling these puts and buying those calls are hedging themselves by shorting the basket of stocks in the MSH index. The leverage therein is overwhelming for the common stock buyers.

Now, if for some reason the market goes up, there will be one h*** of a short-covering and/or commons buying against short calls/long puts IMHO.

Let's see.

-Apratim.