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Zeev Hed

03/13/03 3:13 PM

#86643 RE: pstuartb #86629

It may take another week, but I think that they finish the games with the option players earlier and earlier, since they got us to $25 on the QQQ today, I think they'll simply take it here. Of course, they may hold it longer, but they surely have no excuse to get the market much higher, the bulk of the puts are being murdered, so next week, they will handle the bulk of the calls. Mind you, this bump looks to me as the Post hostilities" bump occurring even before the war starts, my guess is that the post hostilities bump has been so well advertised that everyone has tried to "preempt it", by the time the war start, all those that wanted to buy, may have bought.

Zeev