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mlsoft

09/10/03 10:10 AM

#149793 RE: Joe Stocks #149702

Joe...

I agree with that post and as I said yesterday I think the pressure would come from the longs taking delivery on their contracts rather than from the POG going higher. Taking delivery would cause a serious short squeeze because the commercials covering normally comes from production not from buying in the markets. Of course some of the commercial shorts are not hedges and they could be run by the POG going higher.

mlsoft