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To: accountclosed who wrote (33718)	4/15/1999 9:06:00 AM
From: Alias Shrugged	Read Replies (2) \| Respond to of 86076

That's a nice piece by Tice. Basically, the huge rise in some stocks has been turbocharged by options, options on indexes, QQQ, etc. etc. This introduces a lot of forced buying/selling. Lately, we have only seen the forced buying. If this sucker ever gets turned around, the forced selling could be horrendous. Look at the put/call ratio on leaps. I believe there are 1,214 puts and 234,456,589,004,999 calls.-gg- There is a huge chunk of stock being held to hedge the calls (certainly not a 1-1 ratio, but a lot of stock nonetheless). In the same way the up-melt was boosted by this leverage and derivatives, all the while being explained as justified by the idiot bulls, the trip to the downside could be turbocharged also. Here's hoping the thrusters get reversed soon.