Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

It is phoney market

I sold MERQ FEB 35 Calls weeks ago and stock closed at $35.03 and no short shares were assigned. I don't remember an instance were I wasn't assigned even if it closed right at .00.

I have limited fear of market biting me unitl Iraq is resolved and until hundreds of retail stores exemplified by Aholds massive holdings of grocery stores in Northeast go belly up. We are talking about a real measureable percentage of all retail stores that will close up their doors.