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ericson38

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ericson38

Re: No Problems post# 61396

Friday, 07/23/2004 7:21:08 PM

Friday, July 23, 2004 7:21:08 PM

Post# of 358523
Right, that's what I mean...
I don 't think E&A can be a party to "making an agreement with the mm's to allow them to cover at a certain price.."
It would have to be completely passive, maybe like saying with a wink, "Look, there are actions we can take that will force you to cover, whether you like it or not, and you will no longer be able to control the price. What we're telling you is, we will not take those actions for 30 days. Until then, we *suggest* that you cover as best you can, at whatever prices you can arrange, because at the end of the 30 days we WILL take action and you will no longer be in control. The market will set the price."
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