Frank, it is expiry week, right now, too many puts are in the money, they'll ramp it for a day or two, the put holders are going to sell for pennies in disgust, then come Wednesday afternoon, they'll stat to deal with all the calls that have been going into the money and kill them by Friday, it does not matter if the news is real or not, "they" are going to "make it" real, just as in prior months, they had Ossama killed or captured, just for a day or two (g). I am loaded, but my guess is that by Wednesday afternoon, I'll have to go and fetch my bear suit from the dry cleaner, whether or not it was processed (g). Enjoy the morning's fire work, I am not in tomorrow morning, but I think I'll be OK, despite going to bed under 20% cash...
Zeev
