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Post# of 704049
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jdaasoc

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jdaasoc

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Re: Lane Hall-Witt post# 6963

Tuesday, 07/23/2002 3:28:20 PM

Tuesday, July 23, 2002 3:28:20 PM

Post# of 704049
with C and JPM down 15-20 percent for much of the day.

If you wanted to buy long calls on BKX, you yould need BKX to rally to 675 -695 depending on what option you bought to break even.

They are theives but high premiums IMO means that upside move has some potential. If it was going down, why would they reward you with high bids for short sellers.

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