Securities Research Services

Monday, August 21, 2006

Let the Games Begin

Over the next couple of weeks volume should be very low as the pros head out for vacation. Last week's options expiration skews analysis and we will get some idea what real demand is this week, but emphasis should be placed on the word "some" since this week is certainly not going to clear up all questions. Real demand will not be known until the pros come back from vacation after Labor Day weekend. Look for games to occur in this low liquidity environment, with prices swinging widely against both bulls and bears.

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