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Sean:
The fact that it is well-announced has nothing to do with the question of
fainess for the small speculator nor does it reassure me of the intentions
of the exchange.
dr
----- Original Message -----
From: "Sean O'Toole" <sean@xxxxxxxxxxxxxxxxxxxx>
To: "Don Roos" <rosewood@xxxxxxxxxxxx>
Sent: Monday, April 02, 2001 5:13 PM
Subject: RE: [RT] Early close for stock index futures
It may not appear fair, but it is well documented and has been made
available to every newsfeed on each and every month end since its inception.
I mark the day in bright red on my calendar so as to not get caught in it.
Sean
>
> Thanks for the info: I can only say that I would be mad as hell
> if I owned a
> 1170 call and the market closed at 1177, but some insiders are allowed to
> take it down to 1169.2 so my call is now worthless and the call
> sellers are
> happy while the less well healed call buyers are out of dough.
>
> If anyone can reasonably explain this so as to assuage my suspicions about
> this apparently mercenary if not illegal activity on Friday's
> close, by all
> means, give it a whirl.
>
> dr
>
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