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dkeller18

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dkeller18

Re: bocxman post# 3474

Thursday, 05/04/2006 1:18:32 AM

Thursday, May 04, 2006 1:18:32 AM

Post# of 30387
bocxman, I completely agree - however for clarification purposes, if the MM was short from higher prices (i.e. when we were north of $1.35/1.50) then he was covering at $.70 (buying) not "unloading to the buyer" (selling). I absolutely agree that the MM is (or was) long delta. I traded an options book myself for a few years! That being said, I have a have a funny feeling that next time we get "real news" they won't try to short so easily for fear of getting crushed!
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