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<DIV><FONT face=Arial size=2>I studied volatility ( Standard Deviation)
and noticed the following :</FONT></DIV>
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<DIV><FONT face=Arial size=2>Sometimes you can Buy Low Volatility and Sell High
Volatility</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>BUT (there's always a but friends :)
)</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Sometimes you can Sell Low Volatility and Buy High
Volatility</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>so : don't get caught with this two sided
sword..............</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Theo .</FONT></DIV></BODY></HTML>
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