Berkeley CSUA MOTD:Entry 51728
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2008/10/29 [Finance/Investment] UID:51728 Activity:high 80%like:51723
10/29   wtf is going on with the last 5 minutes of trading?
        \_ automatic trading?
           \_ do you mean:
              (a) lots of market-close orders
              (b) i've got a lot of shorts that need to be worth something
              \_ no idea
                 \_ as i understand it GE just warned on earnings -op
                    \_ Not true. DOW reported it, but it's a fabrication.
                       \_ the ceo said something wishy-washy at a speech and
                          the company said it was "taken out of context"
        \_ I dunno but I sold some stuff in the afternoon high point
           so I'm happy.
        \_ Did you buy puts like I told you?
           \_ have you heard of the VIX/volatility crush
              \_ You mean the high premiums on options right now because
                 of the high VIX? If so, yes. If not, do tell.
                 \_ So you should be selling calls, not buying puts.