Re:

I think so in a month or so. Problem now is that there is so much customer
buying on any pullbacks and selling on rallies that the market, with such a
flat curve, is going nowhere. That will change, but it's going to take a
while. I like it eventually.

Bill White@ENRON
02/21/2001 05:39 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:

Don't know about the front 2 months, but gut feel is that april thru oct at
approximately 50% seems like something to own (although I hate flat vol
curves). What do you think (long, flat, or short)?

John Arnold@ECT
14/02/2001 21:59
To: Bill White/NA/Enron@Enron
cc:

Subject: