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RCKS

08/14/06 9:41 AM

#17546 RE: Bernard Ng #17545

Hi Bernard
I actually closed my Puts on Friday as I heard rumors of a cease fire agreement forthcoming.
I am long calls in the S&P 500 and with this opening I should do ok.
I remain bearish and this is expiration week and IMO whatever ground we cover going up here we will retrace to at least Fridays level by weeks end.
JMHO

Good trading Bernard

steve