Hi internet, I don't know about range bound. MMs knew this was comming for weeks, as we did; so yes, I think they anticipated this. They've been through it for years; they're pros, it's what they do. Yeah, maybe they had to "go naked" on some, but I gotta believe they were ready for this. It happens every year and presents a profit opportunity for them. It's not a new game for them. Also, WAVX was not alone, this happened to most new additions to Russel Indexes. Simply put, if MMs don't consistantly make a profit,they're out of business. My guess is the MMs made out just fine. What they may be "naked", my guess is they'll just cover w/ buying "stops." But what do I know. Thx
