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Pastimes : All Clowns Must Be Destroyed
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To: eddie r gammon who wrote (32361)5/10/2000 6:47:00 PM
From: eddie r gammon   of 42523
 
Ike is in SI jail for some reason and ask me to post this;
========================================================
Today's stock market action according to conspiracy nuts
(bryant) May 10, 17:50

9:30 AM open - PPT trader buys S&P futures
Result: stocks up

10:25 AM - PPT trader quits buying
Result: stocks go sideways

11:02 AM - PPT trader makes a bathroom call. Finds a copy of the WSJ on the floor and reads the fluff column on
page 1. Subject: "Part-time shoe repair for fun and profit-Robert Rubin's secret success story". PPT trader takes many
notes, then leaves the bathroom. Preoccupied with shoe repair, he forgets to wash hands as per OHSA regulation
100.31. Returns to bathroom to wash hands.
Result: stocks drop solidly for 22 minutes

11:24 AM - PPT trader returns to desk. Buys to support market
Result: market stabilizes, then rallies

11:52 AM - PPT trader distracted by Maria Bartiromo on CNBC. Accidently hits 'sell' button when he leans forward
to get a better view of her on his 5" portable TV. 10,000 S&P contracts sold at the market.
Result: stocks plunge

12:12 PM - PPT trader summoned to boss's office for explanation.
Result: stocks drop further.

12:36 PM - PPT trader buys back his accidental short position and adds a few contracts for good measure.
Result: stocks up sharply

1:00 PM - Chow time. PPT trader goes to Fish Market to get sandwich.
Result: stocks down slightly

1:36 PM - PPT trader delayed when he spots Dr. Ruth at fish market. Asks for autograph and hints on how to pick up
the new receptionist at the front desk.
Result: stocks dip more

2:25 PM - PPT trader returns to trading desk. Buys a few contracts just for fun.
Result: stocks up

2:47 PM - PPT trader distracted when new receptionist walks by on her way to the coke machine. Joins her at the
machine for a quick chat-up. Dr. Ruth's advice fails. PPT trader returns to desk.
Result: stocks fall

3:10 PM - Boss walks by. PPT trader buys a few contracts to look busy.
Result: stocks up

3:19 PM - PPT trader falls asleep as CNBC's Bob Pisani naively explain the reasons behind the day's market turns.
Result: stocks fall sharply in end of day selling

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