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11/16/04 4:11 PM

#323249 RE: Justa Werkenstiff #323235

spoken like a tru short: "We find this stock to be a propped-up house of cards. You can't sustain a business by selling off property, pushing inferior merchandise, offering inept customer service and illegally littering the neighborhoods in which you do business with signs placed in rights-of-ways, private property, etc." --- on KMRT

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Zeev Hed

11/16/04 4:16 PM

#323252 RE: Justa Werkenstiff #323235

I don't really like to use the EPC on expiry day itself, it is too skewed by positions closing. Despite the haircut today, the EPC stayed under .65, so no danger of a fast real reversal. I think they have a chance of bringing the QQQ to the $37 area before expiry, obviating the need for delta hedging.